I have to admit — I was skeptical when Rupert Murdoch took over The Wall Street Journal. Not so much because I was afraid he’d turn the WSJ into another bully pulpit, but rather he’d abandon what made it such a pleasure to read. I wasn’t really that interested in seeing it full of national news. I wanted biz news.
Never have I been a business reporter. I still have to get out a book to know which SEC report is which. That’s probably why I read the WSJ so much — because it’s mostly topics I know so little about.
But I realized something the other day while catching up on my newspaper readings: The WSJ’s reporting on the financial crisis and executive pay has been stunning. I was reading this gem:
“Some companies have been basing their calculations on an obsolete federal interest-rate formula that many experts say tends to produce an inflated payout. “It’s a sneaky way to give executives larger pay,” says Ron Gebhardtsbauer, a former U.S. Senate pension expert, now head of the actuarial-science program at Pennsylvania State University’s Smeal College of Business.”
I hope they keep it up.
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I can understand your concerns having been a reader of some of his publication in the UK at one time!
Found you from a comment at Limeys blog, I am an expat now in OK.
Hey there! Glad to have you taking a look around…I saw your blog, as well, on Limey’s site. Enjoyed your comparison between the states and the UK.
I’m especially interested in your comparisons since you’re living in Oklahoma!