Home -> Law Blog Directory -> Criminal Law Blogs -> Crime & Federalism

Criminal Law

: Crime & Federalism

William D. Cohan is on Goldman Sachs' Payroll

William D. Cohan wrote a puff-piece about Goldman Sachs in the most recent issue of Time.  The end of the article describes Cohan thusly: "Cohan, a contributing editor at FORTUNE, is the author, most recently, of House of Cards: A Tale of Hubris and Wretched Excess on Wall Street."Mr. Cohan failed to make an important disclosure: In 2007, Cohan recieved a nearly $50,000 payment (£30,000) from Goldman Sachs.  Cohan's book, The Last Tycoons: The Secret History of Lazard Frères & Co., won the Goldman Sachs Business Book of the Year award.Cohan's most recent book, House of Cards, is again eligible for another award.  Details here.Why didn't he disclose this obvious conflict-of-interest?  Or is financial journalism so corrupt that finanical reporters don't think they need to disclose mid-five-figure payouts?continue to full post

Full post as published by Crime & Federalism on August 26, 2009 (boomark / email).