THE NEWS HACK'S CREED:
I know more than you.
I make lots more money than you.
I'm smarter than you.
I'm sexier than you.
I appear on TV all the time.
I work ten minutes a day.
I rule the universe.
I'm going to live forever.
You are an idiot.
THE NEWS HACK'S CREED, No. 2:
A lie isn't a lie when it tells THE TRUTH.
THE NEWS HACK'S CREED, No. 3:
I've come to realize that the looseness of the journalistic life, the seeming laxity of the newsroom, is an illusion. Yes, there's informality and there's humor, but beneath the surface lies something deadly serious. It is a code. Sometimes the code is not even written down, but it is deeply believed in. And, when violated, it is enforced with tribal ferocity.
--JOHN "OMERTA" CARROLL.
THE NEWS HACK'S CREED, No. 4:
News isn't news when we don't report it.
PERMALINKS:
THE NEWS HACKS' DICTIONARY
THE EUGENE DAVID GLOSSARY
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Board consultants contend CEO pay would have been even higher if not for more diligence. "Directors are giving a lot more consideration to what they're handing out," says Blair Jones of Sibson Consulting.
Veteran board consultant Ira Kay of Watson Wyatt agrees. "Keep in mind that what executives are asking for is quite a bit more than what compensation committees are giving. So it could have been worse."
In other words, instead of getting $50 mill, they could have gotten $200 mill. I'm impressed.
Where's CALPERS when you need it?