Howard Stringer conducted a "global search" for a top music industry executive to replace the loathsome Tommy Mottola at Sony Records.......and found his friend Andy Lack, who didn't like his job at NBC because his boss, Bob Wright, hated him. Mr. Lack has no music industry experience and seems ill-suited to the task.
You would think that the business press would be howling at this brazen act of corporate cronyism, but not really. Howard Stringer, after all, is a ranking member of the major media mafia. The New York Times actually refers to Howard Stringer as SIR Howard Stringer. Not once, but repeatedly, in an odd bit of lackey journalism. Lack is dressed up as a "turnaround" specialist. And Jeff Zucker, the NBC executive who gains the most with Lack's departure, is given a big wet kiss for good measure.
Everybody's happy. Call it (crony) journalism.
Saturday, January 11, 2003
Posted by John at 1/11/2003 06:55:00 AM