"[New York Times financial reporter Andrew Ross Sorkin] is something of a prototype of how industry reporters have evolved into digital entrepreneurs," says Alex Pareene. Then he says some other stuff about him which is a little less flattering.
From the inbox, regarding this excerpt from Andrew Ross Sorkin's Too Big To Fail: "Substitute any utilitarian object name for "Lehman Brothers" (i.e. "my used pool filter pump") in this article, and both the astonishing incompetence and absurdity of the compensation these men receive is made clear." Ooh, try it! It really works!
On Thursday, Goldman Sachs will release its 3rd quarter results. Obviously, they will be good, since anyone in the financial world on any level has seen massive income this quarter. The bonus money set aside this quarter is likely to be the largest ever. So what does it all mean, Mr. Chief Business Writer at the New York Times? "So should we be upset about the bonuses? Is this a problem?… But we can't have it both ways, either… Mr. Blankfein can't win… The bigger question – the more important question – is whether the enormous sums of money that will be given to Goldman's executives are proper and [...]