Stacy Summary: Hat tip to @maxkeiser. Great article with lots of quotes that remind me of my own time working in the mirage business. The article points out that media conglomerates have marked down $200 billion in value since 2000! That’s entering subprime territory!! Enter Pirate MyFilm – @maxkeiser can discuss that more in the comments.
“They convince people that there is something magical and special about managing the creative process,” Mr. Knee said over lunch. “Moguls are fun — they do mogul-y things like big deals and make grand pronouncements, but they are not usually a good thing when you stand back and look from a value perspective.”