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Posts with tag maria bartiromo

Should McCain let Palin go?

John McCain hugs Alaska Gov. Sarah PalinSince Friday's surprise announcement that John McCain picked Alaska governor Sarah Palin as his VP, numerous unpleasant facts have emerged which may make McCain regret his hasty choice. And since she has not been officially nominated by the Republican convention, it's not too late for McCain to pick Karl Rove favorite Mitt Romney instead.

Here are some of the reasons that McCain should reconsider his decision:

  • Hearbeat away. She has had very little experience governing and none with foreign policy. This would be fine if McCain was in robust good health. Unfortunately, that is not the case. She could actually become President and it is far from obvious that she has the most executive experience among all the potential VP candidates that might need to step in if McCain could no longer do the President's job.
  • No longer a shoe-in for Evangelical vote. She was strongly supported by the Evangelical wing of the Republican party due to her religious beliefs and her decision to keep her fifth child after she learned it would have Down syndrome. But with her 17-year old daughter having a child, some might question how strongly Palin believes in abstention until marriage.
  • Corruption concerns. It is not clear whether McCain knew that Palin was under investigation for firing a public safety commissioner who refused to fire her brother-in-law. And did he know that she denied involvement with lobbyists in an interview with Maria Bartiromo, even though a TransCanada lobbyist played a central role in getting a $500 million subsidy for that Canadian company to build a gas pipeline she was pushing?

Continue reading Should McCain let Palin go?

Money Honeys: Why business TV is sexy

maria bartiromoCNBC star Maria Bartiromo and I share a birthday, and I love a good scandal, so I follow her religiously. Maria is fun because she's both gorgeous and cute, smart and sexy. And then there's the strange case of Todd Thomson (the Citigroup exec who fell so in love with Maria that he flagrantly violated ethics, and common sense, just to spend time with her). She's also fun because her nickname is "Money Honey," and what's more: she's applied for a trademark for the phrase! Delicious.

Well, she might have to move fast to use the phrase before she loses the IP to a new generation of money honeys (money honeyettes?). News Corp. (NYSE: NWS)'s Fox Business News has a bevy of beauties dishing up the news on the stock market and the economy: Liz Claman, Dagen McDowell, Jenna Lee, Alexis Glick. Ben Stein wants to know, where did they all come from? His analysis, that finance is both boring and inscrutable, and that men would rather get this boring, inscrutable and (largely) completely irrelevant news from beautiful women, is certainly sensible.

Gallery: Money Honeys

Erin Burnett on 'Meet the Press'Maria Bartiromo, the original Money HoneyJenna Lee and Alexis Glick at Fox Business News premiereMaria Bartiromo on 'Meet the Press'


But there's an undercurrent in his story that has me troubled, and though I think that he's right in many aspects of his analysis (it's certainly true that more men watch financial news than women), I'm peeved that he never wonders whether the financial world has just been extremely sexist and is only just now starting to let loose. I also find it odd that he doesn't wonder if there were financially savvy women being excluded from business journalism until now. (His "where did they all come from" question makes it seem as if they sprung from the head of Lou Dobbs like Athena.)

Whither Money Honeys? Here's my thought:

Continue reading Money Honeys: Why business TV is sexy

Hillary Clinton vs. Maria Bartiromo on CNBC!

Yesterday afternoon, Hillary Clinton was on CNBC with Maria Bartiromo, discussing her plan for protecting some homeowners who are in danger of losing their houses due to resetting subprime mortgages. It was supposed to be an interview, but it was more of a spat, and showed the deep pro-Wall Street bias that is typical of much of the financial media.

Clinton claimed that Wall Street played a major role in creating the subprime mess and was looking for support from the Street for the plan to freeze mortgage rates for some borrowers. Bartiromo couldn't hide her strong disagreement with this argument. Her basic point was: What about personal responsibility? Why are people who entered into contracts being bailed out? And she all but shouted, You liberal! Violating the sanctity of contracts! Interfering with the blessed Free Market!

Continue reading Hillary Clinton vs. Maria Bartiromo on CNBC!

Best & Worst of 2007: Most annoying money personality

This post was part of AOL Money & Finance's Best & Worst of 2007. Voting has now closed and readers have chosen Martha Stewart as the most annoying money personality of the year. Let us know in the comments if you are pleased with this result.

In last year's Best & Worst in Money awards, Donald Trump was the easy victor in the Most Annoying Money Expert category, securing 44% of the votes, more than twice as much as Suze Orman, Jim Cramer, or Mark Cuban. Trump won by such a landslide that this year we decided to take him out of the running, giving some new personalities a shot at the prize.

So, let's take a look at the contestants for this year's Donald Trump Honorary Most Annoying Money Personality contest:

Maria Bartiromo, CNBC's famed "Money Honey," isn't looking so sweet and spunky these days. She now seems a touch vampish as the apparent centerpiece in a Citigroup scandal that led to the ouster of exec Todd Thomson. Thomson might have earned the CEO spot recently vacated by Chuck Prince if he hadn't offered Bartiromo a spot on a Citi jet to fly to Asia to speak to customers.

Maria's journalistic ethics were called into question for accepting the junket, but CNBC, which nets plenty of advertising from Citi, glossed over the scandal. Criticism of Maria, however, helped raise the profile of CNBC's new sweetheart, Erin Burnett. In September, AOL's Money Face-Off found them virtually neck-and-neck among voters.

Continue reading Best & Worst of 2007: Most annoying money personality

Ex Citigroup exec Todd Thomson talks back

Reuters reports that former Citigroup Inc. (NYSE: C) executives Todd Thomson -- who lost his job in January -- is talking back now that his nemesis, Chuck Prince, has been deposed.

Thomson, who headed up wealth management for Citigroup, got tossed in February. He thinks Prince smeared him -- citing his expensive office, which featured a fishbowl, and his reported flight of General Electric Co. (NYSE: GE) CNBC's Maria Bartiromo on Citigroup's corporate jet from Asia to New York. Here are two highlights:

  • Maria-gate. Media reported that in November 2006 when Thomson flew with a group of Citigroup employees to China on a business trip, he flew back with Bartiromo, leaving the Citi employees to find their way home on their own. When asked about his relationship with Bartiromo, Thomson was adamant: "It's an inappropriate question. I've never been accused of having anything other than an appropriate relationship with Maria Bartiromo. And I do have an appropriate relationship with Maria Bartiromo."

Continue reading Ex Citigroup exec Todd Thomson talks back

Maria's up, Chuck Prince is out, and Todd Thomson must be kicking himself

The New York Times has written a heartfelt love letter to Maria Bartiromo of General Electric (NYSE: GE)'s CNBC. The most interesting part to me is that Maria feels that Chuck Prince was using her "relationship" with former Citigroup (NYSE: C) executive Todd Thomson -- about which I posted earlier this year -- to divert attention from his mismanagement of the bank. With Prince out, Maria's riding high. But Todd must be kicking himself -- if he hadn't gotten into the Maria mess, he might be in a position to take over from Prince.

Since I have had the privilege of being interviewed by Maria Bartiromo -- here's a link from August -- and was called a couple of times last week to discuss the situation at Merrill Lynch (NYSE: MER), her status at CNBC is of more than academic interest to me. I have never met her in person, but her interviews have always been sharp and professional.

But the Todd Thomson incident raised questions which the article did not completely squelch. As a reminder, in January unidentified executives at Citigroup, which is both a CNBC advertiser and a frequent subject of its coverage, told several publications that among the reasons Thomson was fired was his decision to invite Maria to speak to a group of Citigroup clients in Asia and to fly her to that event in the company jet.

Continue reading Maria's up, Chuck Prince is out, and Todd Thomson must be kicking himself

Money Face-Off Big Winners: Oprah, Tiger Woods, Ivanka Trump, Erin Burnett

It's been three weeks since our Money Face-Off feature ran here at BloggingStocks and on AOL, offering you the opportunity to share who you though had the financial edge in a series of twenty head-to-head match-ups. So I thought I'd take another look and see how things have worked out.

It's hard to pick just one big winner. In terms of the largest lead over a rival, Ivanka Trump easily beats Paris Hilton with 89% of the vote. Others holding big leads over their opponents include Tiger Woods, Warren Buffett, Steven Spielberg, and Rupert Murdoch.

In terms of receiving the most votes, the clear leader is the Oprah Winfrey vs. Martha Stewart match-up, with just short of 150,000 votes. Other big vote getters were Tiger Woods vs. David Beckham, Rudy Giuliani vs. Michael Bloomberg, and Bill Gates vs. Steve Jobs. In terms of the liveliest discussions in the comments, the winners are Oprah Winfrey vs. Martha Stewart, Erin Burnett vs. Maria Bartiromo, and Bono vs. Angelina Jolie. Also check out the comments for the J.K. Rowling vs. J.R.R Tolkien, Tiger Woods vs. David Beckham, and Ivanka Trump vs. Paris Hilton posts.

As for the face-off posts here that got the most attention, the clear winner is Erin Burnett vs. Maria Bartiromo, with more than 13,000 hits. Lindsay Lohan vs. Britney Spears and Oprah Winfrey vs. Martha Stewart also attracted lots of readers.

Results for all the face-offs follow below, but keep in mind that the voting is still open. It's not too late to add your vote or let us know what you think.

Continue reading Money Face-Off Big Winners: Oprah, Tiger Woods, Ivanka Trump, Erin Burnett

Money Face-Off recap: The 'Money Honey' catfight, and Giuliani's slim lead here too

It's been a week since our Money Face-Off posts ran here on BloggingStocks and less than a week since the Money Face-Offs were featured on the AOL welcome page, and the response has been terrific. Many of the face-off polls have more than 50,000 votes thus far, and some of the match-ups are very close.

The closest of all is the face-off of CNBC anchors Erin Burnett and Maria Bartiromo: 50/50 with more than 61,000 votes so far. And the post has garnered 39 comments so far. The commenters have strong opinions, whether defending Bartiromo or Burnett, wishing other anchors had been included, complaining about the photos, or even questioning the Money Face-Off feature itself. Be sure to check it out.

The face-off between the former and current New York City mayors, Rudy Giuliani and Michael Bloomberg, garnered more than 67,000 votes. While Bloomberg has his defenders, presidential candidate Giuliani currently has a small lead in this match-up, with a little over half the votes. Can he hold on to that lead, though?

The match-up of supermodels turned businesswomen, Tyra Banks vs. Heidi Klum, also has more than 50,000 votes so far. In this case, it's Klum in the lead with about 55 percent of the vote. Only one reader, a Tyra Banks fan, has commented so far. Feel free to add your thoughts about which former supermodel you think is more successful.

Continue reading Money Face-Off recap: The 'Money Honey' catfight, and Giuliani's slim lead here too

Money Face-Off: Maria Bartiromo versus Erin Burnett

This post is part of our Money Face-Offs feature. Let us know who you think comes out ahead in this head-to-head match-up, and check out our other Money Face-Off posts.

Who needs to worry about the subprime mortgage meltdown or the Iraq War when we can debate whether CNBC's Maria Bartiromo still is the "Money Honey" or if her crown has been taken by upstart Erin "Street Sweetie" Burnett.

Bartiromo's image has been tarnished by the Todd Thomson fiasco, the trademarking of "Money Honey," and her countless appearances at corporate events, while Burnett's star is on the rise thanks in part to hugely flattering articles by the likes of Howard Kurtz of the Washington Post. He recently wrote of Burnett, "Under the lights, in a smoky blue dress that matches her eyes as well as her shoes, her flowing dark hair perfectly teased, she is not exactly hard on the eyes." No word on whether he feels the same way about Mark Haines.

Yes, television is a superficial medium. Yes, discussions of the attractiveness of Bartiromo and Burnett are sexist, to say the least. I personally couldn't care less whether the anchors are best of friends or are constantly trying to stab each other in the back, as has been reported by the tabloids.

Continue reading Money Face-Off: Maria Bartiromo versus Erin Burnett

Money Honey in trouble with PETA

Wall $treet Folly reports that General Electric Company's (NYSE: GE) CNBC's Maria Bartiromo, who interviewed me earlier this week, is in trouble with People for the Ethical Treatment of Animals (PETA).

What popped PETA's top? In More magazine's September feature on fashionable female movers and shakers over 40, CNBC's "Money Honey" is seen smiling seductively in a skin-tight Celine matte jersey dress and the Kors coat. She raves: "Chic, sexy clothes are the real me . . . The coat is spectacular; the fur cuffs give it just the right amount of glamour."

PETA's Michael McGraw commented: "There's nothing glamorous about animal electrocution, which is one of the most common methods used to kill foxes for their pelts. She looks morally bankrupt in that fur."

It's important to put this story in a business context. News Corp. (NYSE: NWS) owns the New York Post where McGraw vented. News Corp is also launching Fox Business News (FBN) in October to compete with CNBC. So there's a chance that whatever hurts Maria and CNBC, helps FBN.

Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm. He also teaches management at Babson College and edits The Cohan Letter. He owns GE shares.

Media World: Rupert Murdoch will win the Bartiromo-Burnett battle

The reported tiff between CNBC's Money Honey Maria Bartiromo and upstart Erin Burnett, whom the New York Post dubbed the "Street Sweetie,'' is mana from heaven for News Corp. (NYSE: NWS) Chief Executive Rupert Murdoch.

His Post gets a juicy chick fight to write about -- although the General Electric Co. (NYSE: GE) cable channel denies there is a fight -- and it makes a rival to his yet-to-be launched Fox Business Channel look foolish as a bonus. Plus, it gives Fox a good excuse to try and lure either one of them away from CNBC. Interesting how corporate synergies work in today's media world.

Mind you, I have no idea whether Bartiromo and Burnett hate each other or not. Usually, Page Six is pretty truthy in the Stephen Colbert sense of the word. You have to think that someone close to Bartiromo or Burnett -- perhaps the person who looks back at them in the mirror -- is spilling their guts to the Post. Yes, the media world is just like high school.

Bartiromo has long been a subject of the gossip pages. I urged CNBC to fire Bartiromo earlier this year after her relationship with ousted Citigroup Inc. (NYSE: C) executive Todd Thompson brought derision on the network. Since then, she's indicated that she's more interested in being a TV star than a journalist. Burnett, whose path I crossed when I was at Bloomberg News, is gaining the good kind of publicity. In fact, Broadcasting and Cable called her CNBC's "secret weapon."

But there's an extra dimension to this tabloid battle that's worth considering.

There are many media conspiracy theorists who argue that Rupert Murdoch will tabloid up the Wall Street Journal once he gets a hold of Dow Jones & Co. (NYSE: DJ). I think that these fears are overblown. Murdoch won't use the Journal to settle scores with his enemies and heap praise on his friends. Why should he when the Post does that so well?

Bambi Francisco leaves MarketWatch under a cloud

MarketWatch's tech diva Bambi Francisco left the Dow Jones & Co. (NYSE: DJ) Web site late Friday after questions were raised about her financial interest in Vator.TV, a web site that features video interviews with technology executives.

Stories in CNET and The Wall Street Journal pointed out that Francisco regularly wrote about companies that appeared on Vator.TV or had dealings with backer Peter Thiel, the co-founder of PayPal who is now a venture capitalist. Most news organizations forbid journalists from writing about companies in which they have a financial interest.

MarketWatch made an exception for Francisco, who is well-known in Silicon Valley. David Calloway, the editor-in-chief of the site, told CNET that he told Francisco to avoid writing about Vator.TV and the companies that use the service.

That agreement that was doomed to fail since Vator.TV interviewed tech executives and Francisco did the same thing for MarketWatch. Her bosses should have realized that arrangement wasn't working before other news agencies pointed that out to them.

Even though several hours before filing her final column, Francisco told the tech news service that she did nothing wrong, her departure was unavoidable. Advertisers won't pay top rates to advertise with news organizations whose credibility is in question.

Dow Jones deserves some credit for not sweeping this matter under the rug the way that CNBC did with the Maria Bartiromo episode.

Continue reading Bambi Francisco leaves MarketWatch under a cloud

Maria-gate: The Schwarzman bash

The New York Times's DealBook has a breathless report -- replete with photos -- of Blackstone Group CEO's Stephen Schwarzman's 60th birthday party at the Seventh Regiment Armory on New York's Park Avenue.

General Electric's (NYSE: GE) CNBC reporter Maria Bartiromo was there along with her husband, Jonathan Steinberg. This is an important development since it was not clear where things stood between her and Citigroup's (NYSE: C) former executive Todd Thomson and whether that would affect her marriage.

The Schwarzman bash may also have subtly influenced Dow Jones & Company's (NYSE: DJ) Wall Street Journal (a.k.a. The Towel). On Monday I got a call from the Towel's Alan Murray who told me he was writing an article on whether private equity was peaking. Murray had seen me on CNBC and interviewed me in detail -- requesting a copy of my post on the topic. Today his article [subscription required] came out -- gushing about Schwarzman's party and the prospects for the private equity business.

Make no mistake -- I would love to have attended this party. But as a news consumer, I wonder whether the opportunity to be counted among the New York glitterati has any affect on the objectivity of reporting on the industry.

Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm, He also teaches management at Babson College and edits The Cohan Letter. He owns Citigroup and GE shares and has no financial interest in Dow Jones.

Maria-gate: Did she squelch the news?

This morning's New York Times reports that The General Electric Company's (NYSE: GE) CNBC reporter Maria Bartiromo helped squelch a story by her colleague Charles Gasparino. The story involved the resignation of Todd Thomson from Citigroup, Inc. (NYSE: C).

I've been wondering whether this story had gone dark. But it looks like it just went into the in-depth reporting phase. Now the New York Times has arrived with this bombshell.

What happened is that CNBC's head of news programming, Jonathan Wald, asked Gasparino to investigate Bartiromo's trip on Citigroup's corporate jet with Thomson. Gasparino did so. But when Bartiromo got wind of it -- and specifically the notion that Thomson's job status was threatened -- she complained to Wald. And for some reason, Gasparino did not discuss his reporting on the air. Moreover, some in the network complain that Bartiromo's complaint was the culprit. Wald suggested that the sourcing for the story was not strong enough to air it.

Now the media is starting to analyze her on-air interviews. Some of them, such as the one with former Home Depot (NYSE: HD) CEO Bob Nardelli, were tough. Since she had no business tie to HD, she felt free to "pepper him with sharp questions relating to his conduct and governance." But, as I posted a few weeks ago, her business tie to Citigroup probably led to a much friendlier style when it came to interviewing Thomson in August 2005.

Here's an idea: Why not hold CNBC reporters to the same disclosure standards to which it holds its on-air guests?

Peter Cohan is President of Peter S. Cohan & Associates, a management consulting and venture capital firm, He also teaches management at Babson College and edits The Cohan Letter. He owns shares of Citigroup and GE and has no financial interest in Home Depot or The New York Times.

Maria Bartiromo, Money Honey -- now for kids?

My children, it must be admitted, love television. As I'm a financial type who works from home, they're often subjected to my TV choices; so they know Maria Bartiromo and Rachael Ray well, much like faraway telegenic aunts.

If a recent trademark filing is any indication, they soon may get to know Maria even better, not as a CNBC reporter (nor as the center of a scandal involving special treatment by Citigroup Inc. (NYSE:C) bigwig Todd Thomson) but as the cartoon "Money Honey."

No, really! TVNewser was tipped off on the filing, in the name of Bartiromo, Maria for Money Honey to be used for "Entertainment services, namely, an ongoing children's television series; motion picture films; theatrical programs; fan club services; online entertainment services, namely information, interactive games ..." and, of course, more. It's just been filed, on January 16th. I've filed many a trademark application, and in my opinion, this looks as if it was done up in 30 minutes. I'm sure the attorneys at Frankfurt Kurnit Klein & Selz billed a whole hour for it though... No word on whether the resulting show might be live-action or animated.

While I love the concept (it's far prettier than Warren Buffett's animated series, though a little less fun), the timing leaves something to wonder, wonder, wonder, wonder... did Maria file in anticipation of a brou-ha-ha resulting in calls for CNBC to fire her? Had she just discovered that her biggest fan's Sundance deal was going to fall through, and this was the next-best thing? Is it just a complete coincidence?

Like they say on Psych, there's no such thing as coincidence.

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