« Blogging history | Main | Where's Zogby when you need him? »

You make the call

Incompetence, or bias? Reading this Atlanta Journal-Constitution hackjob about ex-Red Cross head Bernadine Healy, it's hard to say. Actually, "both" appears to be the most likely answer. It seems that the Red Cross paid Healy a lot of money as she left her position as head of the organization, and the AJC tries to turn it into a scandal. Why? Because the reporter didn't understand deferred compensation, and didn't bother to find out what it meant. Lynxx Pherrett explains.

Come to think of it, didn't we see a similar "scandal" with regard to Dick Cheney and Halliburton recently, when it was revealed that he was receiving deferred compensation from his former company? There seems to be a pattern here. (Well, it's only two cases, which probably isn't enough to call it a pattern. So sue me.) Some in the media don't seem to grasp that deferred compensation is not a gift to a former employee, but rather payment already earned. I suspect that bias plays a role, though -- not partisan bias, but bias against high salaries for corporate executives, particularly in the post-Enron era. There's a journalistic instinct to assume something must be wrong.


TrackBack URL for this entry:


This page contains a single entry from the blog posted on April 23, 2003 3:20 AM.

The previous post in this blog was Blogging history.

The next post in this blog is Where's Zogby when you need him?.

Many more can be found on the main index page or by looking through the archives.

Powered by
Movable Type 3.31