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New York, 9:15 AM
Fri Dec 18
42 posts in the last 24 hours
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11/10/09
It’s not surprising that someone with financial expertise, industry connections, and the ability to write would come at a higher price than, say, a style columnist, a journalist with a regional specialty, or even a good editor. #andrewrosssorkin
11/10/09
(Gasparino's book is vastly better anyhow) #andrewrosssorkin
11/10/09
11/10/09
He's got a "standing offer" from Graydon Carter. Surely other opportunities - speaking, going out on his own, etc. - are in abeyance thanks to the Times' money. Leveraging his market to achieve a high salary is the definition of capitalism. It's not that capitalism does or doesn't work; it's that, sometimes, management overpays or makes bad risk judgements. If so, the Times pays the price with failure! #andrewrosssorkin
11/10/09
11/10/09
11/12/09
I don't mean to be smarmy about this subject, and I'm very far from a raging capitalist (education and health care should absolutely not be privatized- externalities and whatnot), but to claim without qualification that socialism appears to work just fine is a massive stretch.
(And Gawker's new notification system is great! I feel much less like I'm farting in the wind now. Instead of no chance that anyone will read a late reply, there's a slim chance that one person will. Huzzah!) #andrewrosssorkin
11/13/09
And yes, the notification system will enable us to keep this up for years - perhaps decades!
Seriously, interesting discussion. #andrewrosssorkin
11/14/09
Capitalism does a great job creating wealth. Current political infrastructures do a crappy job of redistributing that wealth equitably and, in my opinion, humanely. The American public hears something like "redistribution" and freak out, thinking it means socialism. It doesn't. The laissez-faire crowd hear it and cry that it will kill incentives and decrease production. It won't, at least not in the long run. I think there's a happy-medium somewhere that will allow the wealth-creating power of capitalism to run smoothly along a far more equitable distribution method, but it's a question of personal, collective and political will. And that's what drives me to drink. #andrewrosssorkin
11/09/09
[www.kidrobot.com]
11/09/09
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11/10/09
Or so I've been told, anyway. #andrewrosssorkin
11/10/09
11/10/09
11/10/09
11/10/09
Mr. Cook has this thing about "worth" - if the collective firm isn't making money, the individual employee shouldn't be. If the firm is somehow backed by taxpayers, large salaries for executives are unjustifiable. He's a populist who doesn't seem to believe that anyone could be worth all that much more than HE is, or his fellow members of the so-called creative underclass. Certainly this best-selling author generating loads of publicity can't be worth a sizable salary to a newspaper if said newspaper is dying! #andrewrosssorkin
11/10/09
To be fair, Cook also has a thing about Sorkin taking unjustified credit. #andrewrosssorkin
11/09/09
Just asking...
Now, back to finishing this here blog post.
11/09/09
11/09/09
11/09/09
11/10/09
That said, Sorkin adds little value to the NYT -- he's the Jim Cramer of print. If someone is willing to pay him more, he should go and cash that check before it isn't offered again. #andrewrosssorkin
11/06/09
Obviously a lot has happened since then, so his plans might've changed, or maybe that was just one of several things he was considering. But that's what this person told me. #newyorkobserver
11/06/09
11/06/09
The real question would be this: what is the nature of Sorkin's fee for running the financial blog and email newsletter?
Even if it's only a flat amount, other New York Times writers would start asking questions about compensation for their own blogging.
And if these "unusual incentive arrangements" included some kind of bonus for hitting targets for DealBook subscriptions, for instance? That would go against Times orthodoxy, the belief that journalism is necessarily compromised by any obvious quest for popularity. #newyorkobserver
11/06/09
I am sure he loved being approached by Kushner, very flattering; enough so to continue to appear interested in the gig. #newyorkobserver
11/05/09
The New York Times didn't run its 32-year-old superstar's weekly column. He's now in the UK. And the note (above) suggests that's why his piece didn't appear.
But a usually reliable tipster tells us that wasn't the whole explanation.
"I gather that the New York Times pulled Sorkin's column on Tuesday on the grounds that they thought it was not comprehensible, or not good enough - he had filed his regular column that day but the editors decided not to print it so they put something else in instead."
"Larry Ingrassia - man who issued the statement saying that all was well between Sorkin and the NYT business writers - made the final decision. I don't know what the column was about."
"Sort of interesting in view of the ongoing oldsters vs Sorkin tensions. NYT business desk abuzz about it, of course."
#tips #rumormonger #andrewrosssorkin #newyorktimes
10/31/09
WeepyVP Joe