Business journalists who had their careers curtailed by the souring economy might consider stopping by the Securities and Exchange Commission on their next trip to the unemployment office. The agency may have a good use for their talents, according to Chairman Mary Schapiro, who finds the sadly diminished ranks of the business press worrisome. “I think financial journalists have in many cases been the sources of some really important enforcement cases and really important discovery of practices and products that regulators should be profoundly concerned about,” she said in remarks to the Reuters Global Financial Regulation Summit this week. “Investigative journalism actually would be a pretty interesting skill set for us to have. We’ve talked about financial analysis, we’ve talked about forensic accounting being skill sets that we really need–understanding of complex trading, strategies and systems, but it’s one of the things the SEC has to do. It has to really broaden its horizons and bring in people who think about things a little differently than it has historically.”
John Paczkowski has been poking fun at the tech industry and the personalities that drive it since 1997. From 1999 to 2007, he wrote the award-winning tech news Web log Good Morning Silicon Valley for the San Jose Mercury News, Silicon Valley's daily newspaper. Read more »
Here is a statement of my ethics and coverage policies. It is more than most of you want to know, but, in the age of suspicion of the media, I am laying it all out.
12:58 AM: Breakfast: Two schools of fish from Tokyo Bay. Calories: 782,000. How I was feeling when I ate this: confused, irradiated, hating my size. 11:37 AM: Exercise: “Taxi Stomp” (alternating legs, for 30 blocks). Calories burned: 148,900,183.
1983. The Beatles announce their first tour in thirteen years, but likewise announce that Michael Jackson will be going on tour with them as a one gigantic mega-concert event.
Business journalists who had their careers curtailed by the souring economy might consider stopping by the Securities and Exchange Commission on their next trip to the unemployment office. The agency may have a good use for their talents, according to Chairman Mary Schapiro, who finds the sadly diminished ranks of the business press worrisome. “I think financial journalists have in many cases been the sources of some really important enforcement cases and really important discovery of practices and products that regulators should be profoundly concerned about,” she said in remarks to the Reuters Global Financial Regulation Summit this week. “Investigative journalism actually would be a pretty interesting skill set for us to have. We’ve talked about financial analysis, we’ve talked about forensic accounting being skill sets that we really need–understanding of complex trading, strategies and systems, but it’s one of the things the SEC has to do. It has to really broaden its horizons and bring in people who think about things a little differently than it has historically.”
Comments
I found the comments at the Reuters article more interesting than the article.
Posted by Mac Beach at May 1st, 2009 at 2:14 pmSlow news day, Mac.
Posted by John Paczkowski at May 1st, 2009 at 4:27 pm