Yet Another Reason Why I Call Business Week “Biz Weak”
Biz Weak printed a semi-coherent screed (”Tragedy and Telecom “) by one Leo Hindery Jr. about how telecom deregulation contributed to a “total breakdown in communication during a time of extreme crisis.”
Oh, and they forgot to fully disclose who he is, leaving the reader to believe he is an interested observer attempting to be objective.
Not quite, as Powerline notes:
Oddly, Business Week omits Hindery’s most notable experience in the telecom world: as CEO of Global Crossing. Yes, that Global Crossing–the company that made a number of investors rich, including former DNC chairman Terry McAuliffe, but turned out to be riddled with fraud, and collapsed into one of the biggest bankruptcies ever.
Is Hindery’s involvement in Global Crossing the only connection between him and McAuliffe? Well, no. In fact, Hindery was a contender to succeed McAuliffe as Chairman of the Democratic National Committee:
Biz Weak Readers deserved to know, and should have been told, about Hindery’s political background. The fact that they weren’t was, well, weak.
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UPDATE: Per Powerline, Biz Weak has modified Mr. Hindery’s bio without noting why they changed it: “Leo Hindery Jr. is a former CEO of telecom carrier Global Crossing, has been active as a Democratic fund-raiser and organizer, and worked on Dick Gephardt’s Presidential campaign in 2004. He’s currently managing partner of InterMedia Partners, a private investment firm. He’s also a former CEO of the YES Network and CEO of TCI and its successor, AT&T Broadband.” Powerline takes credit for pushing the change; hey, who says it wasn’t BizzyBlog (haha)?
