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New York, 10:52 AM
Tue Dec 8
49 posts in the last 24 hours

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    Dsmvwl  Admin  Promote to frontpage Approve user Ban user ×
    Image of iplaudius iplaudius
    11/10/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    I think it’s like how professors in the professional schools at universities (law, business, medicine) usually get paid more than their colleagues in the arts and sciences. It’s because they can apply their skills in their respective fields and make a lot more money than they can teaching—or, in this case, writing.

    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
     Reply
    iplaudius was starred iplaudius was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    11/10/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    Well, at least this sanctimonious anti-compensation shit is consistent with John's other sanctimonious anti-compensation shit.

    (Gasparino's book is vastly better anyhow) #andrewrosssorkin
     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of Perhaps Not Perhaps Not
    11/10/09

    @Unsolicited Advice: I'd just like to speak out in favor of sanctimonious anti-compensation reporting (here called "shit"). People who are paid more than they're worth are the reason capitalism doesn't work. #andrewrosssorkin
     Reply
    Perhaps Not was starred Perhaps Not was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    11/10/09

    @Perhaps Not:

    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
     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of Bottle-Of-Smoke Bottle-Of-Smoke
    11/10/09

    @Perhaps Not: Yeah, capitalism is the worst economic system in the world, except for all the others. #andrewrosssorkin
     Reply
    Bottle-Of-Smoke was starred Bottle-Of-Smoke was unstarred
    Image of Perhaps Not Perhaps Not
    11/10/09

    @Bottle-Of-Smoke: Socialism appears to work just fine, Winston. #andrewrosssorkin
     Reply
    Perhaps Not was starred Perhaps Not was unstarred
    Image of Bottle-Of-Smoke Bottle-Of-Smoke
    11/12/09

    @Perhaps Not: Depends on who's doing the appearin', I guess. China, Cuba, North Korea, Syria, Belarus, Venezuela, the former USSR, much of Africa, south and central America... Well, you'll always have Sweden- the only remotely successful truly socialist nation. Incidentally, Sweden's wealth was built on free trade. The social democrats inherited that wealth in '32. Which leads me to... historical materialism. What works for a small, homogeneous population very well may not work for a huge, incredibly diverse republic.

    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
     Reply
    Bottle-Of-Smoke was starred Bottle-Of-Smoke was unstarred
    Image of Perhaps Not Perhaps Not
    11/13/09

    @Bottle-Of-Smoke: I think it's no more of a stretch than claiming that capitalism is the best system in the world. To me, it appears to be the best system for burgling poorer nations and classes, so it is necessarily the WORST system for a large number of people.

    And yes, the notification system will enable us to keep this up for years - perhaps decades!

    Seriously, interesting discussion. #andrewrosssorkin
     Reply
    Perhaps Not was starred Perhaps Not was unstarred
    Image of Bottle-Of-Smoke Bottle-Of-Smoke
    11/14/09

    @Perhaps Not: But that burglarization isn't an inherent result of capitalism, though it may be inevitable under the more virulent strain of American capitalism- i.e. capitalism combined with soft and hard-power hegemony and a lingering sense of manifest destiny. I know that has been the dominant history of capitalism, but just as socialism doesn't necessarily engender oppressive military dictatorships (socialism's dominant history), the ideology shouldn't be defined by it's misuse. A kinder, gentler capitalism- one in which developing nations could actually harness capital and create wealth- would result if property rights across the world were (a)well-defined, (b) well-respected, and (c) enforceable. This is essentially an off-shoot of Hernando De Soto's work, and I think it's compelling.

    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
     Reply
    Bottle-Of-Smoke was starred Bottle-Of-Smoke was unstarred
    Image of GlasgowRose GlasgowRose
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    And FOIA, SCHMOIA, this kid's Smorkin'!

    [www.kidrobot.com]
     Reply
    Edited by GlasgowRose at 11/09/09 8:00 PM GlasgowRose was starred GlasgowRose was unstarred
    Image of GlasgowRose GlasgowRose
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    Can't wait to see how Sorkin addresses this on his "Talk to the Times" stint this week. Post a question! #andrewrosssorkin
     Reply
    GlasgowRose was starred GlasgowRose was unstarred
    Image of CrabbyGolightly CrabbyGolightly
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    The Times is paying Sorkin for access. The take-home message: it pays extremely well to be an obsequious suck-up. Learn this kiddies NOW. You'll have money to retire on later. #andrewrosssorkin
     Reply
    If_I_Had_a_Poodle promoted this comment CrabbyGolightly was starred CrabbyGolightly was unstarred
    Image of Julia Allison Julia Allison
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    Oh John, shut the f up. Sorkin's brilliant and talented - and beyond that, super sweet. God forbid he be paid what he's worth. #andrewrosssorkin
     Reply
    Julia Allison was starred Julia Allison was unstarred
    Image of johnnypotatoes johnnypotatoes
    11/09/09

    @Julia Allison: Translation: "I'm a shallow, semifamous for being-semifamous bubblehead, and I have absolutely no idea what I'm talking about, and have never read any of that complicated business stuff Sorkin writes, but he's nice to me in person (and kinda cute!), so he's immune from any criticism ever, even when it's deserved, which it might be in this case, I don't know, because I'm a bubblehead."
     Reply
    SaraRueful promoted this comment Edited by johnnypotatoes at 11/09/09 3:27 PM johnnypotatoes was starred johnnypotatoes was unstarred
    Image of DennyCrane DennyCrane
    11/10/09

    @Julia Allison: If "super sweet" was a metric by which salaries are doled out, I'd be making triple what I currently earn.

    Or so I've been told, anyway. #andrewrosssorkin
     Reply
    DennyCrane was starred DennyCrane was unstarred
    Image of son of spam son of spam
    11/10/09

    @johnnypotatoes: $25ok really isn't that much money in Manhattan. Like any other business, you have to pay to keep your top talent. Whether the guy is sweet or an asshole is beside the point. #andrewrosssorkin
     Reply
    son of spam was starred son of spam was unstarred
    Image of New Gonzo Drifter New Gonzo Drifter
    11/10/09

    @johnnypotatoes: JohnnyPotatoes, you just made my day. You hit the nail on the head with regard to Ms. Allison's dim view on her co-worker. #andrewrosssorkin
     Reply
    New Gonzo Drifter was starred New Gonzo Drifter was unstarred
    Image of secretagentman secretagentman
    11/10/09

    @johnnypotatoes: I'm thankful I have no idea who this person is and have never watched whatever show (The City? Hills? Hill City? Rock of Love?) she's on. #andrewrosssorkin
     Reply
    secretagentman was starred secretagentman was unstarred
    Image of Unsolicited Advice Unsolicited Advice
    11/10/09

    @Julia Allison:

    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
     Reply
    Unsolicited Advice was starred Unsolicited Advice was unstarred
    Image of resipsaloquacious resipsaloquacious
    11/10/09

    @Unsolicited Advice:

    To be fair, Cook also has a thing about Sorkin taking unjustified credit. #andrewrosssorkin
     Reply
    resipsaloquacious was starred resipsaloquacious was unstarred
    Image of Penscribe Penscribe
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    Hold on, before I finish the article, didn't Gawker previously pay out page view bonuses? If they're so horrible, why was this a part of their business practice pre-recession?

    Just asking...

    Now, back to finishing this here blog post.
     Reply
    Edited by Penscribe at 11/09/09 1:50 PM Penscribe was starred Penscribe was unstarred
    Image of Sergio Hernandez Sergio Hernandez
    11/09/09

    @Penscribe: I'm pretty sure that's the joke. ;) #andrewrosssorkin
     Reply
    Sergio Hernandez was starred Sergio Hernandez was unstarred
    Image of La Mareada La Mareada
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    It is hard to find anyone as guileless as ARS about big banks and bank chairmen who aren't already in the Treasury Department. #andrewrosssorkin
     Reply
    If_I_Had_a_Poodle promoted this comment La Mareada was starred La Mareada was unstarred
    Image of Cinjun Cinjun
    11/09/09

    In reply to Andrew Ross Sorkin Gets Performance Bonuses From the Dying New York Times
    "pageview bonus to us. Which is an ugly practice that distorts news judgment and induces reporters to chase down attention-grabbing and salacious gossip" So the objection is Denton's pissed someone stole his pay structure idea? #andrewrosssorkin
     Reply
    Nick Denton promoted this comment Cinjun was starred Cinjun was unstarred
    Image of If_I_Had_a_Poodle If_I_Had_a_Poodle
    11/10/09

    @Cinjun: "Real journalists" cried bitter tears over that innovation in general, and when it is suggested at "real newspapers" in particular

    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
     Reply
    If_I_Had_a_Poodle was starred If_I_Had_a_Poodle was unstarred
    Image of miss_msry miss_msry
    09/02/09

    In reply to It's So Weird When Media People Get Rich
    They really aren't "pretty" enough to be globe trotting millionaires.

    Yeah, I'm jest jealous.
     Reply
    Edited by miss_msry at 09/02/09 8:36 PM miss_msry was starred miss_msry was unstarred
    Image of Hydroceph Hydroceph
    09/02/09

    In reply to It's So Weird When Media People Get Rich
    Keep in mind, in these latter days, "ambitious traveling" just means getting through the TSA lines without a body cavity search and before your flight leaves. "Really ambitious traveling" involves not bitchslapping a flight attendant when s/he tries to convince you that making you buy your own 'food' is an opportunity and not the airline cheaping out.
     Reply
    Hydroceph was starred Hydroceph was unstarred
    Image of BookishLookish BookishLookish
    09/02/09

    In reply to It's So Weird When Media People Get Rich
    I am starting to hate considered eyewear.
     Reply
    BookishLookish was starred BookishLookish was unstarred
    Image of yetimike yetimike
    09/02/09

    In reply to It's So Weird When Media People Get Rich
    Jon is a swell and smart guy; helped me out in the early '90s when I needed helping. Didn't realize he married that rich lady -- good for him!

    You should check out his old band, Bitch Magnet -- for real.

    David Grubbs + Sooyoung Park were also in the band so they were kind of a post Squirrel Bait almost-super-group.

    [en.wikipedia.org]
     Reply
    RonMwangaguhunga promoted this comment yetimike was starred yetimike was unstarred
    Image of RonMwangaguhunga RonMwangaguhunga
    09/02/09

    @yetimike: And Laurel is a sweetie as well. A well-earned vacay for both, says I.
     Reply
    RonMwangaguhunga was starred RonMwangaguhunga was unstarred
    Image of Richard Petty Bourgeoisie Richard Petty Bourgeoisie
    09/02/09

    In reply to It's So Weird When Media People Get Rich
    After their "ambitious traveling," they're off to engage in some "laid-back torture" and "worry-free iron smelting."
     Reply
    Richard Petty Bourgeoisie was starred Richard Petty Bourgeoisie was unstarred
    Image of gawkimo gawkimo
    03/25/09

    In reply to The Future Is in Abu Dhabi, Journalists
    The wage is monthly. And it's dirham, not "dinham." But The National has also purged a lot of its staff after less than a year in publication. I'd wouldn't consider it job security.


    Abu Dhabi is very expensive and the move-in costs are very high -- you have to pay a year's rent (and we're talking NYC prices) just to move into a place, though it's easy to borrow the money. And Anu Dhabi is boring and the entertainment options are few and pricey.


    I will say that as America sinks into its own sense of self-entitlement (it now owes as much as it produces, and it still thinks of itself as "exceptional," in a good way) it's sad to see the crass sterotypes that American liberals and conservatives are so good at farting out of their mouths.


    Here's a clue: Not everyone living between Morocco and Burma south of Russia and north of Kenya is a member of the Taleban, and the UAE has more expats living there than Arabs, and not all Arabs are misogynistic terrorists.

     Reply
    gawkimo was starred gawkimo was unstarred
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