There is a great story in the latest issue of Fortune magazine about Carol Loomis, the writer who has spent 51 years at the publication. She recounts her experience in covering various stories. I like how she read 50 years of annual reports before writing a story on Bethlehem Steel and how she read the filings at the Connecticut Insurance Department on ITT’s insurance operations before interviewing the company CEO. She knew more about what was going on in the insurance operations than the CEO.
But is anyone else more than a little bit troubled by her relationship with Warren Buffett and the fact that she edits his annual shareholder’s letter, which she mentions in this article? Would any other business journalist be allowed to have such a relationship with such an important source? It does give her entry into one of the most important business people of the last 25 years, allowing her to write about him in a way in which no other journalist has been able. But has there been a price to her credibility?
Anyway, this should be required reading for any business reporter. It can be found here.
Wall Street Journal Washington coverage chief Damian Paletta sent out the following on Thursday: Please welcome Vera Bergengruen,…
Bloomberg News has hired Melissa Shin as its Toronto bureau chief. She will start on Sept. 30.…
Bloomberg News has hired Kelcee Griffis to cover the telecom industry, including the Federal Communications Commission. She…
The Society for Advancing Business Editing and Writing announced the shortlist for its fifth annual…
The Wall Street Journal announced it is opening applications for the third session of the WSJ Finance…
The Post and Courier, South Carolina's oldest daily newspaper and premier news source, is seeking…
View Comments
My name is Carol Loomis. I am a journalist living in Miami Florida. I have always admired Carols work and would love to have the opportunity to meet her. Sharing the same name seems to open alot of doors for me.