Forbes.com columnist Gary Weiss writes that it’s nice that the Columbia Journalism Review blog The Audit has praised the Wall Street Journal’s Pulitzer Prize-winning series about backdating of stock options. But the blog — under a different writer — needs to admit that it criticized the articles when they first appeared.
Weiss wrote, “Reading the above, you’d never know that the Audit was actually a major voice against the options backdating coverage when it really mattered–when the Journal was sticking its neck out by publishing those stories. It is a low-risk proposition to praise a series that just got a Pulitzer, and gratuitous (and fairly meaningless) to pile on with 20-20 hindsight after the champagne has flowed.
“The Audit’s two articles on the backdating coverage (here and here) were notable in that they were not the slightest bit well-informed. I was sympathetic with the Audit’s view the options coverage was a bit “overblown,” yet the articles seemed naive and ill-informed in the extreme. I chastised the Audit for its coverage (see here and here), as did University of California economics professor Brad DeLong.
“There’s nothing wrong with being off-base now and then. But this was not an isolated event. The Audit, under its former editor, made a series of embarrassing goofs on a number of subjects.”
Read more here.