10 10 / 2012

"There may be as many as 50 men in the world, including Russian oligarchs, Chinese billionaires and South American kingpins, who could spend a billion bucks – and the FT Group may go for as high as twice that – on something contrary to their economic interests. But Pearson can’t just sell to the hoi polloi super rich. It needs a qualified buyer – someone with a legitimate business interest along with mere ego and a desire for influence."

Why? Doesn’t Pearson have a fiduciary responsibility to sell to the highest bidder, whomever that might be?

Financial Times: Bloomberg, Thomson and Murdoch vie for Pearson’s prize | Michael Wolff | Comment is free | guardian.co.uk

  1. pegobry reblogged this from felixsalmon
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  3. musinge said: Doesn’t Hoi Polloi refer to the people, the masses?
  4. felixsalmon posted this