Hamilton Nolan of Gawker reports Wednesday that Wall Street Journal columnist Mark Penn, who writes the paper’s “Microtrend” column and is also the CEO of PR firm Burson-Marsteller, is trying to recruit clients mentioned in the column.
“Either way, whatever sort of credibility Penn had as an expert who spots trends based on data rather than on his own firm’s business considerations is clearly shot. WSJ parent company Dow Jones’ own Code of Conduct states that ‘The Company will suffer, for example, if our customers cannot assume’ these principles are followed:
• Our analyses represent our best independent judgments rather than our preferences, or those of our sources, advertisers or information providers;
• Our opinions represent only our own editorial philosophies; or
• There are no hidden agendas in any of our journalistic undertakings.”
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