In what is being called the worst financial crisis since 1929, the US stock market has lost a third of its value in the space of a month, wiping out all of its gains of the last three years. When the Federal Reserve tried to ride to the rescue, it only succeeded in making matters worse. […]
Recently a guy who's writing a book about the years when Mo Ostin ran Warner Bros Records-- the glory years-- interviewed me and asked me why everyone respects and admires Mo so much and how it differed from other executives who ran other record companies. I had some experience at SONY (then CBS Records) and with post-Mo Warners chieftains. My perspective was fairly simple.
