Quote Of The Day: Dying Dinosaurs Unite! Edition
Published: October 6th, 2009
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One last General Motors-Condé Nast parallel worth pursing: Both companies have been badly run by executives who invested more effort in pursuing perks, status, and empire-building than chasing profits. Writing in a slightly different context, Condé Nast veteran Tina Brown summed up what ails the magazine company in an April post on the Daily Beast: “The court of the Sun King is a rats’ nest of competing favorites who jostle for the 81-year-old supremo’s [S.I. Newhouse] attention.”
Jack Shafer connects the dots between the failures of Condé Nast and General Motors over at Slate.
More by Edward Niedermeyer
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Maybe we need a Conde Nasty Bailout Bill.
Sun King? Rabid Rick? I don't think so. If Conde Nasty is the French Revolution, GM is the collapse of the Soviet Union by bureaucratic sclerosis.
Unlike C&D, Gourmet could identify a turkey.
Har har...Comment of the Day, Rix!