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Posts Tagged ‘Gary Weiss’

New Hires and Blog Launches at Portfolio.com

gggportfoliaa.gifLooks like Portfolio.com is kicking back into gear. Jeff Bercovici is reporting that the site, which took some hits last fall amidst the Conde layoffs, and recently lost big name financial blogger Felix Salmon to a Reuters startup, has made some new hires.

To begin they have brought Ryan Avent on board to fill Salmon’s spot. Aven has been writing The Economist‘s Free Exchange blog for the past two years.

On the blog front they are adding The Weiss File, which will be written by Portfolio contributing editor and author Gary Weiss. “Weiss will peel the lid off some of the less-savory practices of Wall Street and Corporate America, and still give atta-boys when deserved.” Also, there will be a new business-travel blog, which wil be called Itineraries and be written by Portfolio.com’s deputy editor, J. Jennings Moss.

On the business (and magazine) side, Michael Carroll has been named National Sales Director of Conde Nast Portfolio. Carroll joins Portfolio from The Wall Street Journal where he most recently he served as Director, Multimedia Advertising Sales, specializing in luxury goods and financial services.

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Portfolio Mag’s Madoff Breakfast

Kudos to Portfolio magazine for this morning’s thought-provoking panel about Bernie Madoff. Panelists: Elie Wiesel (pr. Eely Vee-zel), a prominent author and founder of the Elie Wiesel Foundation for Humanity, which lost money to Madoff; Harvey Pitt, ceo of Kalorama Partners and former Chairman of the Securities and Exchange Commission (SEC); and Jim Chanos, President and founder of Kynikos Associates, a well-known short-seller. Portfolio Editor in Chief Joanne Lipman moderated. The conversation ranged from heart-felt to thought-provoking to vengeful. I Twittered it at http://www.twitter.com/laureltouby

Some of the questions raised: What is Affinity fraud? Why was there such a lack of accountability on the part of the SEC? Did Madoff have accomplices? Will the high-stakes banker-types at Lehman and Merrill be accused of criminal behavior? How can we trust that it was a $50b fraud when that number was what Madoff himself reported?

The best answer was given when someone in the audience asked Wiesel (who lost tens of millions of dollars to Madoff): “Could you ever forgive him?”

Wiesel repeats the question: “Forgive?” as if to consider it. Then, after a looooong pause, retorts “No!….He’d have to ask for forgiveness and he wouldn’t do that.”

A bit later, I’ll post some video. In the meantime, hit the “continued” link to find out more about what was said (and what went noticeably unsaid) about the Madoff Fraud…

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