Bye Bye Blodget
from the nice-gig-if-you-can-get-it dept
Henry "Amazon 400" Blodget deserves some credit for hyping up the internet bubble to the amazing heights that it reached. I'm sure that if he didn't do it, someone else would have, but he certainly made a name for himself telling everyone to buy many companies that are now very much out of business. Did he get fired for this? Of course not. Instead, he's taking a $2 million buyout from Merrill Lynch. Chances are he'll end up somewhere else soon hyping up something else. Whatever happened to accountability?
Thank you for reading this Techdirt post. With so many things competing for everyone’s attention these days, we really appreciate you giving us your time. We work hard every day to put quality content out there for our community.
Techdirt is one of the few remaining truly independent media outlets. We do not have a giant corporation behind us, and we rely heavily on our community to support us, in an age when advertisers are increasingly uninterested in sponsoring small, independent sites — especially a site like ours that is unwilling to pull punches in its reporting and analysis.
While other websites have resorted to paywalls, registration requirements, and increasingly annoying/intrusive advertising, we have always kept Techdirt open and available to anyone. But in order to continue doing so, we need your support. We offer a variety of ways for our readers to support us, from direct donations to special subscriptions and cool merchandise — and every little bit helps. Thank you.
–The Techdirt Team
Reader Comments
Subscribe: RSS
View by: Time | Thread
No Subject Given
Within two months, he had hopped from CIBC Oppenheimer Corp. (so named after Canadian Imperial Bank of Commerce bought Oppenheimer in 1997 to gain a beachhead in U.S. investment banking) to top-drawer bank Merrill Lynch, lured by the promise of both reputation and riches. And there's that $4 million again. He won't confirm that figure, but it's widely believed to be what Merrill had to pay Blodget to lure him from Oppenheimer, and Wall Street headhunters say it's probably accurate http://www.robmagazine.com/archive/2000ROBjanuary/html/mn_henry.html
[ link to this | view in thread ]