Wow, the case is really weak. And I don't even like Malcolm Gladwell.
In 2007, Gladwell took up the financial industry’s cause. He argued that Enron’s investors were to blame for their losses, rather than accounting fraud, which he dismissed. His "analysis" was debunked and mocked by U.C. Berkeley Economics Professor Brad DeLong.
That same year, 2007, Gladwell hailed ex-Goldman Sachs CEO Hank Paulson’s move to head the Treasury Department, praising him for being among those “self-selected toward public service. . . ” Gladwell did not mention that Paulson saved himself roughly $100 million in taxes by moving straight from Goldman Sachs to Treasury.
He's a contrarian. Maybe wrong, maybe even stupid. But that is different than corruption.
In 2007, Gladwell took up the financial industry’s cause. He argued that Enron’s investors were to blame for their losses, rather than accounting fraud, which he dismissed. His "analysis" was debunked and mocked by U.C. Berkeley Economics Professor Brad DeLong.
That same year, 2007, Gladwell hailed ex-Goldman Sachs CEO Hank Paulson’s move to head the Treasury Department, praising him for being among those “self-selected toward public service. . . ” Gladwell did not mention that Paulson saved himself roughly $100 million in taxes by moving straight from Goldman Sachs to Treasury.
He's a contrarian. Maybe wrong, maybe even stupid. But that is different than corruption.