It doesn’t get much clearer than this, for those of you who don’t think corporate execs don’t influence reporting at mainstream media.
In an interview on benzinga.com, Charlie Gasparino, who used to work at CNBC, said that Jack Welch, who was Chairman of GE when they owned 100% of CNBC, told him not to do market moving stories Gasaprino said:
Jack Welch told me you do not want to do that. You really don’t want to move the markets like that because one of these days you are going to get your brains blown out. And I took that to heart.
It seems that Gasparino takes the message from Welch to somehow just mean it’s a very dangerous thing to do and doesn’t catch the nuance that Welch is attempting to muffle him. But what the hell is a corporate exec, one of the most powerful corporate execs in the world, doing telling a reporter not to break market moving stories?
view video at: