I may be a banker, but HE’S a journalist

I am a banker; I am scum. This is a given.I have accepted it. I am no longer in the closet. Others, though, remain there.

Two interesting examples of interactions with journalists (financial journalists, I have yet to come to the attention of the tabloid press) that our corporate communications department had …

“So, rumour has it you’re going to buy bank ‘X’.”
“We do not comment on this kind of market rumour.”
“So that’s a ‘yes’.”
“No, it’s a reflection of the fact that we don’t comment on this kind of market rumour.”
“So that’s definitely a yes. We’re going to print it.”
“Errrr …”
“Byeee.”
“Look, you really shouldn’t print it.”
“That’s definitely a yes.”
“You shouldn’t print it because it’s completely, utterly, unambiguously false. You’ll harm your reputation, our share price, artificially inflate the price of the stock, mislead the market and generally cause nothing but harm.”
“But I’ve written it now.”

And …

“So, we’re releasing this new product.”
“Sounds good.”
“Planning the press release next week.”
“I’m out next week.”
“Ri-i-i-i-ight. So could someone else write it?”
“No.”
“Would you feel comfortable with us giving the story to another newspaper?”
“No. I’ll write a very negative story when I’m back.”
“So, we’ll delay the go-live.”

I do not think anyone actually thinks journalists are nice people, but I suspect most people think they tell the truth.¬†Well they do. If it’s useful. Otherwise they, errr, fill in the gaps.¬†Truth is so last century. Even this, I suspect, is not a surprise to most people.

What is surprising is how riled we do get about what the press reports. Given that significant proportions of it are untruth, manipulation, distortion or taken out-of-context it does surprise me that we bother.

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One Response to “I may be a banker, but HE’S a journalist”

  1. Solnushka Says:

    It is astonishingly difficult to shake the belief that news reporting has some basis in truth. A friend of mine was saying only the other day that since medical science reporting is mostly nonsense, and since I think that most reporting about Russia is mostly nonsense, and here you are. Still, seeing it in print in insidiously convincing.

    Although obviously when They tell us that all bankers are wan…

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