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Posts Tagged ‘Danielle Steel’

Does WSJ Have a Problem Disclosing Conflicts of Interest?

wsj

A letter published by The Wall Street Journal on Saturday drew criticism from Jewish groups and readers for comparing recent protests targeting San Francisco’s wealthiest residents to a series of 1938 riots, instigated by German Nazis, that left dozens dead and kicked off the Holocaust.

And as some began to question why the business paper of record give a platform to such a far-fetched analogy — in a letter that also unexpectedly glorifies serial novelist Danielle Steel as the city’s No. 1 celebrity — even if the writer was a legendary Silicon Valley venture capitalist.

In an italicized tagline beneath the letter, WSJ introduced the author, Thomas Perkins, as founder of the VC firm Kleiner, Perkins, Caufield & Byers — which, despite bearing his name, distanced itself on Saturday from the “partner emeritus” profiled on its website.

A quick Google search reveals more relevant biographical details.

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WSJ Allows Former News Corp. Exec to Compare ‘War’ on Rich to Nazi Anti-Semitism

Something-Ventured-Tom-Perkins

Nearly eight decades ago, Germans, enraged by Nazi Party propaganda, burned and destroyed Jewish shops and synagogues, killed 91 Jews and arrested 30,000 more, deporting them to concentration camps. To Thomas Perkins, a billionaire Silicon Valley investor, that sounds just like recent protests targeting San Francisco’s monied tech workers.

In a letter published by The Wall Street Journal on Saturday — provocatively headlined “Progressive Kristallnacht Coming?” – Perkins, a former News Corporation board member, wrote:

Writing from the epicenter of progressive thought, San Francisco, I would call attention to the parallels of fascist Nazi Germany to its war on its “one percent,” namely its Jews, to the progressive war on the American one percent, namely the “rich.”

From the Occupy movement to the demonization of the rich embedded in virtually every word of our local newspaper, the San Francisco Chronicle, I perceive a rising tide of hatred of the successful one percent. There is outraged public reaction to the Google buses carrying technology workers from the city to the peninsula high-tech companies which employ them. We have outrage over the rising real-estate prices which these “techno geeks” can pay. We have, for example, libelous and cruel attacks in the Chronicle on our number-one celebrity, the author Danielle Steel, alleging that she is a “snob” despite the millions she has spent on our city’s homeless and mentally ill over the past decades.

This is a very dangerous drift in our American thinking. Kristallnacht was unthinkable in 1930; is its descendent “progressive” radicalism unthinkable now?

Todd Gutnick, a spokesman for the Anti Defamation League, demanded an apology from Perkins, and called the comparison “outrageous” and “deeply offensive.”

In an email to FishbowlNY, he said:

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