The New York Times announced that it has named Joe Kahn as its new executive editor — a white, male Harvard grad from a “fabulously wealthy” Boston family.

The son of Leo Kahn, founder of office-supply chain Staples, Joe Kahn may actually be the first editor in the paper’s history to have more wealth than the man who owns it, according to New York Magazine.

Kahn reiterated his devotion to “the independent mission” of the Times. Regarding the controversy over the paper’s decision to retract Sen. Tom Cotton’s (R-AR) op-ed arguing for the military to quell Black Lives Matter riots, Kahn said only that the fallout reflected how the Times needed to “get serious about looking internally at its diversity, equity, and inclusion policies, and what kind of workplace we had, and to what extent we had begun to make a significant investment in recruiting a newer, more diverse generation of journalists all across the organization.”

Claiming “there is no such thing as perfect neutrality,” he added that “the journalistic process needs to be objective and transparent, and we need to challenge ourselves and our readers to understand all the facts and explore a wider range of perspectives.”

What the “journalistic process” needs to do is give readers the truth — which would be a first for The New York Times.