The Big Three come together to discuss the global balance of power. The Yalta Conference?
No, the Milken Institute's 9th Annual Global Conference. Yesterday in Beverly Hills, media men from News Corp, AOL, and Walt Disney came together to powwow.
But you could certainly be forgiven for confusing the two. That's why I'm offering you, dear readers, a quick primer to keep these things straight:
The Yalta Conference vs. The Milken Institute: Which is Doper?
Players:
Yalta Conference: Franklin Delano Roosevelt, USA; Joseph Stalin, USSR; Winston Churchill, United Kingdom
Milken Institute: Jonathan Miller, AOL Chairman and Chief Executive; Robert Iger, Walt Disney Chief Executive; Peter Chernin, News Corp President and COO
Advantage: Yalta Conference
Location:
Yalta Conference: Yalta, a city in Ukraine, on the north coast of the Black Sea, 1945
Milken Institute: Beverly Hills, home of swimming pools, movie stars, and nip-and-tuck procedures
Advantage: Milken Institute
Goal:
Yalta Conference: Carving up the world after the imminent fall of the Axis Powers
Milken Institute: Figuring out ways to fend off media competition, whether from Asia or from less-than-legal methods (downloading, etc.)
Advantage: Yalta Conference
Catchphrases:
Yalta Conference: "Poland is a question of life and death for Russia." (Joseph Stalin, Soviet premier, on the future of Europe)
Milken Insitute: "I don't know how many times you can watch a pet bite someone in the crotch but somehow this is interesting to people." (Robert Iger, Disney Chief Executive, on the possibility of online distribution of America's Funniest Home Videos)
Advantage: Milken Institute
Closing Bell: When We All Love the PIIGS (NBG, SQNM, PG, ERTS, KO)
Serious Money: Cheapest Stocks List Shrinks from 26 to 21
Chasing Value: Hasbro Earnings Makes My Point
