Cindy Adams of the New York Post writes about the new book “The Fall of the House of Forbes” due out in September, by former Forbes magazine editor Stewart Pinkerton.
Adams writes, “Stewart Pinkerton did not write a valentine. Gritty stuff like:
“‘Bumbling’ Steve Forbes‘ two nowhere presidential runs, which were only ‘a $75 million sales call.’
“Young male staffers hiding when Malcolm sailed by.
“Creation of the famous ‘Rich List’ franchise.
“Osmosis from a boring, second-rate stock tip sheet to a respected business publication.
“Fierce succession battles.
“Family’s management removal by rocker Bono‘s investment group.
“Dirty dish. Like a $156,000 bottle of ‘Thomas Jefferson wine’ becoming salad dressing. Elizabeth Taylor smacking Malcolm with a Harry Winston box. Gianni Agnelli’s fight with Malcolm. Where are his beloved Fabergé eggs. Outrageous behavior, outrageous sex.
“What reduced this century-old important publication to a blog post? A story of ‘hubris, greed, quirks, machinations, foibles, hopelessly divided family and awful decisions.'”
Wall Street Journal's Naharika Mandhana has become a chief correspondent in Singapore. She previously was Southeast Asia…
Wall Street Journal Asia editor Deborah Ball spoke with Campaign about the region's growing importance for the…
Lachlan Cartwright and Ravi Somaiya of Breaker write about the performance incentive plan issue at The Wall…
WSJ. Magazine editor in chief Sarah Ball sent out the following on Tuesday: Dear all,…
Debtwire reporter Amelia Weitzman is now covering private credit in New York. She has spent the last…
Financial Times associate editor Edward Luce writes about Gwen Robinson, the former Financial Times and Nikkei…
![](data:image/svg+xml;charset=utf-8,<svg height="29px" width="180px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
![](data:image/svg+xml;charset=utf-8,<svg height="75px" width="75px" xmlns="http://www.w3.org/2000/svg" version="1.1"/>)
View Comments
So a few observations on this.
First off the story of the expensive bottle of wine, or rather the fiasco it became, has already been covered in another book. "The Billionaires Vinegar."
http://www.amazon.com/Billionaires-Vinegar-Mystery-Worlds-Expensive/dp/0307338770
Second: There's no mystery about where the Faberge Eggs went. The Forbes brothers sold them because they just weren't into them the way Malcolm was. A Russian businessman bought them at auction.
Of course the Forbes people will probably start whispering to media reporters about the circumstances around Pinkerton's departure from The Wall Street Journal.
http://www.forbes.com/2004/02/04/cx_pm_0204fabergesale.html
I do however look forward to the inside story of this:
“Family’s management removal by rocker Bono‘s investment group." Not because of the Bono angle as he isn't anywhere near the most interesting person at Elevation Partners: Of course Roger McNamee is.
http://www.businessweek.com/magazine/content/10_20/b4178064073538.htm