6 ms·
This is typical modern Bloomberg reporting - telling a misleading, emotion driven story from anecdotal data and rumors. "The Amex people, most of whom had MBAs
by cm2012 11y ago
This is typical modern Bloomberg reporting - telling a misleading, emotion driven story from anecdotal data and rumors.
"The Amex people, most of whom had MBAs, sometimes found it amusing to deal with Costco veterans who spoke about starting out stocking warehouse shelves. Less endearing was the habit Costco executives had of referring to Amex as a “vendor.” That made the Amex people seethe. After all, they represented one of America’s oldest corporations. But they smiled and said nothing, and the corporate marriage endured for 16 years."
Seriously?
- josefresco 11y agoI don't understand the criticism. The "personal" level at which this story was told, is an asset to the reporting. Many long form pieces follow this same formula; mixing personal anecdotes from subjects within the story, with factual "outside" sources of information to create a richer story.
- adamgray 11y agoIt seems like a hit piece from Bloomberg - someone must want AmEx's stock to drop this week.
- enahs-sf 11y agoThe Young Thug reference raised an eyebrow for me
- thehoff 11y agoWhile I don't entirely agree, this article put me off a little. The first three paragraphs didn't make sense to me and seemed like you said, anecdotal/rumor. Same with the part about Chenault at the Museum of Natural History event with Sheryl Sandberg and how "yet his dark slacks were creased, and his shoes gleamed as if they'd just been polished." Reads as if the author has something personal in this. What was he supposed to show up in?
- joezydeco 11y agoI got the impression the author was trying to reinforce the image of Amex being a stodgy Wall Street company that is increasingly out of touch with technology and culture.
- champillini 11y agoI think they were more trying to demonstrate their elitism, which is kind of the brand that Amex has.