Corruption, lobbying, corporate malfeasance, and frauds: a weekly unconventional selection of must-read articles by investigative journalist Bethany McLean.
Who, us? Kill dissidents? Hack phones? Nooooo, never. Saudi Arabia, such a surprise, has long maintained that it didn’t hack Jeff Bezos’s phone. But in a bombshell piece that kicked off a media storm, The Guardian says otherwise. If you’re interested—and how can you not be interested?—you might as well start with the original:
In other news of larger than life CEOs, Elon Musk is winning his battle (War? Crusade?!) against the short sellers. Readers probably know what I think of Musk—but what that means for Tesla’s ability to survive and thrive, I don’t have a clue. But I do think it’s pretty great that unlike in the old days, where skepticism about superstar companies swirled under the surface, now, you can evaluate the skepticism for yourself thanks to crowdsourcing:
Speaking of larger than life, now that it looks like Boris Johnson has—really—pulled off Brexit, it might be time to revisit this lovely piece. It has everything. H/T a friend.
The ProMarket blog is dedicated to discussing how competition tends to be subverted by special interests. The posts represent the opinions of their writers, not necessarily those of the University of Chicago, the Booth School of Business, or its faculty. For more information, please visit ProMarket Blog Policy.