Dana Blankenhorn muses on TheStreet.com about the business journalism profession and what it means to the public.
Blankenhorn writes, “As a journalist, I make calls on companies all the time. As a fan of journalism, I get a kick out of recent posts by the TheStreet’s Rocco Pendola: His demanding the firings of business titans including Reed Hastings of Netflix, Rob Johnson of J.C. Penney and Apple CEO Tim Cook.
“Rocco and I are like sportswriters at a baseball game. We can spot a promising rookie, a veteran on the decline and can spin stories that entertain. But you wouldn’t hire a sportswriter to manage a ball club, and you shouldn’t trust a journalist with your money.
“Trust is the problem. There are millions of people who should be in the market, who are about to take huge losses as bond prices drop and interest rates rise. But they’re not in the market because they don’t trust anyone. Nor is there much reason for them to trust anyone.
“Here at TheStreet, there are people who entertain and people we trust, people we cover who deserve your trust. I entertain. Doug Kass, by contrast, deserves your trust. Warren Buffett and Berkshire-Hathaway deserve your trust. Jack Bogle and Vanguard, as I wrote at my personal blog, deserve your trust.”
Read more here.
The Yale Program on Stakeholder Innovation and Management announced the appointment of Alan Murray, departing chief…
The Advocate is looking for a savvy reporter to cover the Baton Rouge business scene…
MLex, a LexisNexis company, is an independent news organization for breaking news and forward-looking analysis…
The Austin Business Journal seeks a staff writer to cover economic development in one of…
A Russian court on Saturday placed Sergei Mingazov, a journalist for the Russian edition of…
Justin Nielsen of Investor's Business Daily writes about the newspaper's 40th anniversary. Nielsen writes, "When the…
View Comments