Jun. 29, 2007 - even titans get the blues / NY Times on blog risk at The Bear
Props to Landon Thomas, Jr. of the NY Times’ Business section for today’s Salvaging a Prudent Name, which profiles the chief of Bear Stearns and his troubles caused by The Bear’s trouble with two hedge funds. Yes, it is an insightful and interesting piece about a topic that can be … err … boring (‘titans of Wall Street!!’), but that does not earn my kudos.
Here’s how Thomas assesses “Jimmy” Cayne’s roster of problems:
No doubt, for the short term, things seem bad. Regulators are sniffing around, editorial writers are wagging a collective finger at him and, to top it all off, the head of his asset management unit has a blog.
Yep, times are hard, with those pesky regulators and editorial writers. But “to top it off” there’s that darn blog! Yikes – how much worse can it be??
Thanks Mr. Thomas.
© Sandy Mattingly 2007
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