I’ve written a piece about Rupert Murdoch’s stand-off with Google for the Weekend FT, saying he ought to stop talking about it and go ahead and charge for access to newspapers such as The Times online. You can read it and comment on it here.
Do not be quotable is probably a good motto for bankers, one that was ignored by Chuck Prince, the former chairman and chief executive of Citigroup. Now Lloyd Blankfein, head of Goldman Sachs, appears to have fallen into the same trap.
Mr Blankfein’s wry claim that Goldman is “doing God’s work” by financing companies and investors is among the most memorable things a Wall Street banker has said since Mr Prince told the Financial Times that “as long as the music is playing, you’ve got to get up and dance.” Read more