War at The Wall Street Journal…book review
…lethargy, ineptitude, arrogance…
Book review:
War at The Wall Street Journal:
Inside the Struggle
to Control an American Business Empire
by Sarah Ellison
New York: Houghton, Mifflin, 2010.
Everything I always wanted to know about Rupert Murdoch’s (News Corp.) purchase of Dow Jones & Co. and the Wall Street Journal.
The basic story is the disgusting inability of the extended Bancroft family to actually exercise the prudent guardianship of the Journal which most of them claimed to feel as a birthright and sacred obligation. Instead, this pack of very wealthy and somewhat dissipated family heirs finally ended up just going for the gold (Rupert overpaid big time for the Journal).
It’s also fascinating and unavoidable to see the lethargy, ineptitude, and arrogance of the pampered editorial staff of the Journal. They just didn’t see The Fall coming and they were clueless about how to deal with the changing marketplace and the transformation of journalism.
They still are. Sic semper.
p.s. If you don’t know all of the myriad characters, it’s a bit difficult to keep track of the action
because Ellison names dozens of people, more or less, on every page.
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Book review. Copyright © Richard Carl Subber 2025 All rights reserved.
“…and dipped in folly…”
only Poe knows how to say it…
click here
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As with another eye: Poems of exactitude with 55 free verse and haiku poems,
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