Fiddling While Wall Street Burns
For a business that makes its living from intermediating disruption, Wall Street is remarkably inept at dealing with its own ebbing fortunes. Just look at the recent announcements from two big banks.
Bridgewater’s Puzzling China Statement
With news about a newly discovered earth-like planet and out-of-this-world comments from Donald Trump, we hardly noticed when a little article on Bridgewater Associates passed through our orbit last week. It was a rare galactic phenomenon: the non-clarification.
The New New Business Media
Roya Wolverson, the global business editor at Time magazine, has just taken a new job as deputy global news editor at Quartz, a business news website. Never heard of it? That’s likely to change. Quartz and other digital upstarts are attracting top talent – and readers. No company or CEO can afford to ignore them.
A Good Day for Bad News
It’s the oldest trick in the PR playbook: get your bad news out on a Friday and leave early for the weekend. Strangely, this practice still holds, even in today’s continuous news environment. Just look at the news today from SAC Capital and J.P. Morgan.