Conde Nast Portfolio contributing editor Gary Weiss finds it hard to believe that former Wall Street Journal managing editor Paul Steiger or anyone at the paper was unaware that a whistle blower was trying to tip them off to the fraud occurring by money manager Bernie Madoff.
Weiss writes, “Excuse me? Is he saying that Markopolos did not approach the Journal, that his testimony is false?
“Anyway, as recounted by Linkins, who based his account on the voluminous supporting documentation released by Markopolos, the whistleblower struggled throughout 2006 to get the Journal’s attention, and actually kept the faith through 2007. I repeat: 2007! The man’s patience was extraordinary.”
Later, Weiss adds, “Since the Journal is unlikely to ever explain itself, I’ll try to offer my guess as to what why a top investigative reporter and his editors dropped the ball so terribly:
“They didn’t believe Markopolos.
“It’s that simple. I can’t think of any other possible explanation, and I don’t think that any other one has any chance of being credible.”
Read more here.
Former Business Insider executive editor Rebecca Harrington has been hired by Dynamo to be its…
Bloomberg Television has hired Brenda Kerubo as a desk producer in London. She will be covering Europe's…
In a meeting at CNBC headquarters Thursday afternoon, incoming boss Mark Lazarus presented a bullish…
Ritika Gupta, the BBC's North American business correspondent, was interviewed by Global Woman magazine about…
Rest of World has hired Kinling Lo as a China reporter. Lo was previously a…
Bloomberg News saw strong unique visitor growth to its website in October, passing Fox Business…