From Wall Street outcast to business journalism success story
Matthew Garrahan of The Financial Times writes about Business Insider co-founder and editor in chief Henry Blodget in the wake of the sale of a majority stake in the business news website to Axel Springer for $343 million.
Garrahan writes, “The size of Mr Blodget’s stake is unclear yet as one of Business Insider’s three founders, he is due a hefty payday. He is not planning to go elsewhere to enjoy his spoils, though, having signed a long-term contract with Axel Springer, the company’s new owner. He will stay with the company ‘indefinitely’ as chief executive and editor.