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Posts Tagged ‘Harvey Pitt’

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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Larry Kramer Tells Laurel at Michael’s: ‘We Need a New Generation of Storytellers’ – Watch the Video!

<img alt="ltlunch.jpg" src="/fishbowlny/files/original/ltlunch.jpg" width="400" height="255"
Pictured above, Jack Rotherham of Metacafe.

Watch now:
mediabistro.com founder Laurel Touby talks shop with Magid’s Mike Vorhaus, Polaris Ventures’ Larry Kramer, and Metacafe’s Jack Rotherham during lunch at Michael’s on 55th and Fifth (Part One).

— LAUREL TOUBY

While Diane Clehane has her Lunch at Michael’s column, mine will be the redux version. I was sitting at Table 24, the very back of the room, just on the borderline of Siberia (aka the Garden Room). I had the pleasure of three men’s company (Jon Fine is home sick; sorry, Jon!). Mike Vorhaus, a consultant with Magid, Larry Kramer, uber media guru at Polaris Ventures (formerly with MarketWatch.com) and Jack Rotherham, senior vice president of Metacafe.

We had a wide-ranging discussion about journalism, media people, video, business models on the Web and more. Find out what we learned, and check out more video after the jump:

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