Tuesday, January 30, 2007

Business reporters bite, too.

Certain business journalists have been getting criticized for hitching free rides on private jets and taking Asian junkets from the companies on which they report. Everyone is angry that they are suckling at the corporate teat. So, I was happy to see a more positive view of the ilk in the lead story in this week's Working Knowledge e-letter from Harvard Business School. (Get a free subscription here.)

HBS prof Gregory Miller analyzed corporate financial scandals and was surprised to find that 29% of the time the business press beats the SEC to the story. Further, when scandals do come to light, business journalists, in both the mainstream media and the trades, add a great deal of new knowledge to the investigations. His conclusion: Business journalists are pretty good watchdogs.

That makes me feel better about never getting offered any of the really great swag.

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