On Tuesday afternoon, an article appeared over at the Times that referred to Lloyd Blankfein as the “former” CEO of Goldman Sachs. As Blankfein is very much the current chief executive, a correction was issued.
…teeing the bank up for the deployment of some corporate Twitter account sass. Read more »
Perhaps you noticed that The New York Timesspilled a very great deal of ink on Bill Ackman’s crusade against Herbalife on Sunday. In short, sayeth the Grey Lady: Ackman spent $1 billion betting that Herbalife was a fraud and has spent the ensuing 15 months or so asking people in power to prove his hunch.
The former Lehman CFO is mystified that her recent New York Times column would make people think she was unhappy.
“I feel like I got to live an amazing life, and I’m still living an amazing life. But there was a time that came, naturally, for reflection,” Ms. Callan says in excerpts of the NBC interview released Friday morning. “There was a punctuation point in my life….”
Ms. Callan expressed regret in The Times essay about how she let her work consume her life. But it was “surprising” to her that some readers interpreted that to mean she was “very sad,” Ms. Callan says in the new interview.
A few months ago, I was standing in a crowded elevator when Jamie Dimon, the chief executive of JPMorgan Chase, stepped in. When he saw me, he said in a voice loud enough for everyone to hear: “Why does The New York Times hate the banks?” It’s not The New York Times, Mr. Dimon. It really isn’t. It’s the country that hates the banks these days. [Joe Nocera/NYT]
The New York Times, drawing criticism for running an op-ed by a former Goldman Sachs executive attacking the bank, said the piece was one of thousands of unsolicited submissions it receives weekly. “We got it by e-mail,” New York Times editorial page editor Andrew Rosenthal said in a telephone interview. Smith was paid about $150 for his submission, a typical amount, said a person with direct knowledge of the situation who declined to be identified because the information isn’t public. The newspaper pays varying amounts for its op-eds, except to public figures or politicians, the person said. Wall Street, including Morgan Stanley Chief Executive Officer James Gorman, has faulted the newspaper for publishing an op-ed piece based on the view of one among more than 30,000 Goldman Sachs employees. All the facts that could be checked were checked in Smith’s submission, Rosenthal said. “The purpose of the op-ed page is to air an important position,” Rosenthal said. “We’re saying, ‘This is interesting,’ and by the way, ‘interesting,’ very often means it’ll make you crazy.” [Bloomberg]
About six weeks back, investor Carl Icahn announced he’d be closing the hedge fund he opened in 2004. The move- and the fact that Icahn is 75 years old- got the Times thinking. Thinking things like 1) Icahn’s getting up there in years and might die soon (as evidenced by the headline “The Raider In The Winter” and 2) That he’d “lost so much money during the financial crisis that he is still a bit shaken by the experience.” Icahn addressed the second point, which he says is false, in a letter to the editor over the weekend. The short version? The Grey Lady can suck it. The slightly longer version: Read more »
We have no reason to believe such is the case! We simply offer up the timing of the aggressively awkward interview with Goldman Sachs’ Abby Joseph Cohen, the interviewer’s resignation several days later, and The Power Of The Squid. [NYO via DI]
Krugman and Sorkin told me that they talked Thursday. Sorkin said the conversation was “very cordial.” Krugman called it “not much fun.” They agreed that they disagree on the definition of nationalization.