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The Times' Rorshach Geithner Story
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Be Your Own Counterfeiter
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What Good is the News?
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Stressful Enough
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Not Regretting the Pound
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Introducing the New Ford Squeeze
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Non-Economic Questions of the Day
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The Stress Test Blind Alley
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Recovery Without Rebalancing
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The Shape of Your Recession
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Evelyn Davis and Rich Zannino: Frenemies Forever!
Kenneth Li was at the shareholder meeting where Dow Jones lost its independence and got sold to News Corp. To nobody's surprise, shareholder activist Evelyn Davis was there too, and decided to turn the event into a pop quiz for outgoing Dow Jones CEO Rich Zannino:
Davis: I had heard you're going to go back into retailing. Let's see how much Mr. Zannino remembers. I am wearing an outfit by a well known Italian designer, who has been around a lot. Can you tell me who the designer is?
Zannino: Let's see if I still have my touch. It looks like Valentino to me.
Davis: My God! You are right. You haven't lost your touch in retail. You would be a great CEO of Neiman Marcus and I hope you take it public again.
Davis did, of course, then follow up with the quite-reasonable observation that Zannino's $20 million golden parachute is "a little bit high for somebody who has been a CEO for only about two years". But hey, maybe it means that Neiman Marcus won't have to pay him so much!
