New York Times business editor Larry Ingrassia responded online Wednesday to a reader’s suggestion that the business media didn’t do enough to warn consumers about the economic crisis by noting a number of stories in the newspaper that did just that in recent years.
“Maybe some people didn’t read our stories, or don’t remember reading them, but we were writing them. Lots of them.”
Later, Ingrassia pointed out, “Could the crisis have been averted if we had written even more? I wish we had as much power as you suggest. We have covered the excesses of executive compensation, well, excessively, including in the ‘Gilded Paychecks‘ series I mentioned in an earlier answer, yet executive pay kept rising.
“I can assure you that we will stay on the beat, and continue to do the type of enterprising and investigating reporting that puts the spotlight on important issues and potential problems. But it is up to regulators and legislators to take it from there.”
Read more here.
Crain's Chicago Business is a leading source of news, analysis, and information on the business,…
Emma Sandler has been hired as associate editor at Agenda, a publication under the FT…
Cablefax Daily interviewed Fox Business Network anchor Liz Claman on her induction into the Cable Hall…
BBC News has hired Charlotte Edwards as a reporter covering money, work and technology. She previously was…
Reuters has promoted Hatem Maher to deputy breaking news editor for the Middle East. Maher has been…
Canada's Financial Post has hired Ben Cousins as a senior editor. He has been working as a…