DYSPEPSIA GENERATION

We have seen the future, and it sucks.

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When Business Executives Are Rewarded for Failure

20th December 2011

Read it.

Just for fun, I compared the performance of the Times’ stock against some of the Wall Street banks that have been among the paper’s favorite whipping boys. The following numbers show common stock performance from December 2004 to the present:

Citigroup: -94.62%
Bank of America: -87.39%
New York Times: -81.45%
Morgan Stanley: -72.96%
Wells Fargo: -17.59
JP Morgan Chase: -17.12
Goldman Sachs: -11.67

An unbiased observer might wonder: why isn’t the CEO of the NY Times Company going to jail? Or why, in any event, is she leaving with a multi-million dollar payoff? If what happened on Wall Street was bad, why isn’t what happened in the newspaper industry worse?

This entry was posted on Tuesday, December 20th, 2011 at 06:27 and is filed under Axis of Drivel -- Adventures in Narrative Media. You can follow any responses to this entry through the RSS 2.0 feed. Both comments and pings are currently closed.

One Response to “When Business Executives Are Rewarded for Failure”

  1. Dennis Nagle Says:
    December 20th, 2011 at 08:43

    Actually, I am asking why she’s leaving with a multi-million dollar payoff.

    As for the rest, the failure of Time doesn’t jeapordize the nation’s entire financial sector. The (near) failure of Wall Street did. By their consequences shall you judge them.

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