The Dinocrat reports that CEO Summer Redstone sold $12 million in CBS stock in the midst of the Rathergate cover-up, and asks;
Where are the lawyers? For that matter, where are the journalists?
Viacom’s and CBS’s lawyers should have been involved in vetting the stock sale taking place almost a week into the Rathergate scandal, and following the elite media’s extensive discussion of the document fraud, not to mention the non-public CBS News ratings issues, and the big problems with the network’s affiliates. Yet none of this apparently happened, at least that we know about.
Curiously, or perhaps we should say incuriously, the TIME Magazine report by Neil Gough did not mention the stock sale at all. Can you imagine an interview of Ken Lay or Martha Stewart or virtually any CEO who sold some stock at a questionable moment, wherein the reporter does not even bother to ask about it? Suppose it had been Rupert Murdoch.
Good question.
(hat tip – Powerline)