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Tragedy, Media and Marketing

If only H.L. Mencken or A.J. Liebling were still around to weigh in on the kidnapping stories suffusing our media lately. Alas, they're not. They wouldn't even be able to find work these days. And too bad. If healthy media criticism still existed, someone might have pointed out the insane hype that shrouded tragedies like the death of Princess Di and TWA Flight 800. Pandering media hype isn't new to people who've been on the Net or the Web. Just consider the hacking and porno scares and insane coverage of offspring companies like Microsoft and Amazon. Why does a case like the kidnapping of Elizabeth Smart get so much attention when others just as horrific get none at all? The answer is as obvious as it is depressing.

Magazine and newspaper critics -- like Liebling, Mencken and I.F. Stone -- once wrote bitingly and insightfully about the greed, hypocrisy and warped values of the people who ran conventional news organizations, and about how those traits affected media coverage. This criticism gave us some context with which to grasp and comprehend what we were reading and seeing. But as media became increasingly corporatized in the 80s and 90s, such critics vanished. Media criticism turned into celebrity journalism, with a growing focus on media moguls and TV superstars. Even greedy capitalists like Bill Gates were fawned over by the toughest reporters and critics, when they should have been paying more attention to his business practices.

Every now and then, however, an old and new media issue pops up. It's disingenuous for media gasbags to wonder why the kidnapping of Elizabeth Smart from Salt Lake City gets tides of media hype while the kidnapping of 7-year-old Alexis Patterson from Milwaukee gets so little. We know why. The answer has been the same for years now, and only gets more clear with each corporate acquisition of a media property: modern media is about making money, and that depends entirely on selecting stories that entertain, titillate, blow up or confront.

Last week, CNN devoted a whole program to the mysterious process by which some tragedies -- the Death of Di to name one -- get staggering amounts of media coverage, while others -- like Mother Teresa's death the same week -- merit relatively little. CNN's high-minded panelists debated whether racism was the issue: Smart is a rich white kid, Alexis Patterson is poor and black. Is there a double standard? Others suggested Smart's parents were understandably working to promote media coverage, to involve more people in searching for their daughter. But this dichotomous coverage is familiar to Net veterans. Kevin Mitnick got as much media coverage in our time as Al Capone, even though he never killed anybody. Hacking gets vastly more media attention than assault or robbery, cyber-porn more than the newsstand kind. Media are always selective about what makes them hysterical.

It was striking to realize that none of CNN's panelists came close to the simple truth: media are market-driven, not idea-substance-or-content driven. Even the once-staid weekly newsmagazines are as likely as not to have movie stars on their covers, despite the number of important stories worthy of coverage. Cable channels, newspapers and newsmagazines cater to wealthy people -- no matter what color -- because those are the consumers advertisers want to reach. To some degree, this has always been true. But as more media have been taken over by massive corporations like AOL Time-Warner, Disney and General Electric, the process has vastly accelerated. News gets marketed just like cereal. Numbers rule. Ratings shape not only news coverage, but our very perceptions of the news. Such companies don't decide not to cover Alexis Patterson because she's poor and black. Profoundly pragmatic and opportunistic, they'd be happy to exploit blacks as well as whites, if the demographics worked. They don't cover Alexis Patterson's abduction because poor viewers in Milwaukee or elsewhere have nothing to do with ratings, ad revenue or profit margins. Blonde kids from wealthy families in Salt Lake City do.

Even so-called serious media like the New York Times and Washington Post are market-driven, focused increasingly on high-end consumer products spawned by digital technology, and on entertainment and controversy. The Times runs several weekly sections brazenly aimed at affluent second home buyers, wine connoisseurs and other high-end consumers. Stories about redecorating million-dollar cottages don't appear because they're newsworthy, but because they draw readers with money, thus advertisers with revenue.

The Elizabeth Smarts of the world will always trump the Alexis Pattersons. Modern media online or off, aren't steered by editors and producers making moral and creative judgments, but by business conglomerates, lawyers, analysts and market researchers. Their sole imperative: generate controversy (a la Monica Lewinsky), select stories that draw the most desirable readers and generate the greatest profits. This principle is evident in media coverage of computing and software as well, and has been for years. Stories about the Net invariably center on marketing -- what will make the most money, or what might be of interest to frightened and confused parents, rather than what is significant. Look how much coverage child pornography online gets, and how little coverage there is of truly revolutionary techno-stories, from gene mapping to AI. And most Americans have never even heard of open source, let alone had the chance to consider it's many implications. Intellectual property and copyright laws have been re-written, thanks to digital technology, yet these stories get sporadic and incomplete coverage.

Media debates about story judgment and ethics are often this hypocritical and disingenuous, mostly because critics and panelists aren't really free to speak the truth -- moral media died decades ago. From Princess Di to terrorism to kidnapping, stories grow in a hyper-information environment, one which promotes argument and hysteria and, increasingly, filters out the lives of poor, ordinary, or non-marketable people. Modern media takes stories and filters them through an increasingly sophisticated marketing machine.Online, blogs and small sites are freer than conventional journalists to set a broader agenda, but their audiences remain small and fragmented.

Thus, there's no mystery about why Elizabeth Smart's kidnapping gets so much more attention than that of other kids. The only mystery is how long it will take the media -- and more importantly, the public -- to understand and acknowledge the reality of their own new, intensely corporate, value system.

21 of 664 comments (clear)

  1. all designed... by sugrshack · · Score: 2, Interesting
    to take our minds off of what may really be happening.

    You might want to read Chomsky.

    --
    I can't believe it's not lard!
    1. Re:all designed... by letxa2000 · · Score: 2, Interesting
      Could anarchy work? If I were given free reign to do whatever I wanted with my life, without restraint, could society still function?

      Try Mexico.

      I'm 100% American but have lived here in Mexico for 6+ years. In my opinion, Mexico is pretty much an anarchy with a "government" as a front.

      The government does NOTHING to help the citizens, in fact it screws them over, it does nothing to improve the infrastructure. There are police but, for the most part, people fear them as much or more than the criminals--in fact, the police often ARE the criminals! (organized kidnapping organizations have been found that are made of active duty police). The citizens pay their taxes just to keep the government off their back, not because they have any expectation any good will become of the taxes paid. People are used to having roads falling apart, a single rainstorm destroys roads by creating dangerous potholes. That is the norm, no-one excepts anything else.

      I think Mexico is a pretty good example of a modern-day anarchy. It works, I guess, but it is damn frustrating!

      I'd much prefer the United States' with all of its political and corporate corruption. It's better than a virtual anarchy with even more corrupt politicians and corporations. Everything is relative.

  2. Alexis Patterson by kwishot · · Score: 2, Interesting

    Every now and then, however, an old and new media issue pops up. It's disingenuous for media gasbags to wonder why the kidnapping of Elizabeth Smart from Salt Lake City gets tides of media hype while the kidnapping of 7-year-old Alexis Patterson from Milwaukee gets so little.

    Do you live in Milwaukee? Have you ever been to Milwaukee? Do you realize that for the past two months (or however long she's been missing) it's been on the news almost every day in Milwaukee? There are flyers in most local businesses with her picture. There are tons of things in the paper.
    I've never said anything, JonKatz, about your unwarranted rantings, but this is too far. Oh, and by the way, how did you find out about Alexis Patterson? Doing an internet search about missing kids in the recent past and running across some media coverage of the story?
    Please...

    1. Re:Alexis Patterson by Anml4ixoye · · Score: 4, Interesting
      I am on the net every day. I watch TV a bit, but most of my info comes from news sites and the paper. And as much as I have been on it in the past month, I had no idea who Alexis Patterson was.


      His point was not that there was no media coverage, but that for Alexis it was very localized, while for Elizabeth Smart it was highly covered nationally.


      Oh, and by the way, how did you find out about Alexis Patterson? Doing an internet search about missing kids in the recent past and running across some media coverage of the story

      You make a valid point, but if you go over to CNN.com, and look on the front page, I can find all of the info I want for the Smart kidnapping. That is the coverage issues he is referring to.

    2. Re:Alexis Patterson by ascarave · · Score: 2, Interesting

      Well, my response comes from someone who does live in Salt Lake City. Our city is also plastered with posters of the local "little girl lost". Our TV stations blare the speculation and show the daily media updates where family members say informative things like "no comment", "our story has not changed" and "we hope she comes home safely". I will spare everyone my ananlysis and disgust at this whole story from my local outlook. Salt Lake City is a very conservative town, but we do have a couple of alternative media outlets such as City Weekly. It is because of this media that I have heard of Alexis Patterson. Of course, the only reason I have heard about her is that many of us have grown disgusted at the hypocrisy in Salt Lake City of the Elizabeth Smart story. Jon Katz is dead on with his analysis from what I see. Two years ago, by the way, we had a young girl disappear from a less affluent side of town and turn up dead a couple of days later in the Jordan River. Total news coverage dedicated to that was basically zero. Rich white Mormon girls disappearing from their own homes sells. Like it or not, the desirable demographic identifies more with that then with a poor black girl, or even a poor white girl. If Elizabeth's daddy were not affluent, we would not be hearing this story in all likelyhood. Children disappear across America every day. Another reason the Elizabeth Smart case makes the headlines is that it stinks to high heaven. There is something really wrong here and the wolves that write the stories are hoping that eventually we discover the deep, dark truth of what happened and they can sell millions of copies.

    3. Re:Alexis Patterson by ocbwilg · · Score: 5, Interesting

      Do you live in Milwaukee? Have you ever been to Milwaukee? Do you realize that for the past two months (or however long she's been missing) it's been on the news almost every day in Milwaukee? There are flyers in most local businesses with her picture. There are tons of things in the paper.

      I've never said anything, JonKatz, about your unwarranted rantings, but this is too far. Oh, and by the way, how did you find out about Alexis Patterson? Doing an internet search about missing kids in the recent past and running across some media coverage of the story?


      Err...I don't live in Milwaukee. I haven't the slightest clue who Alexis Patterson is, or rather I didn't until she was referenced in this article. This is the first that I've heard of her or her abduction.

      Neither do I live in Salt Lake City. I live in Ohio. I've heard of Elizabeth Smart. I not only know who she is, I can tell you exactly what she looks like and what she was wearing when she was abducted. I can tell you what her abductor was reportedly wearing the night of the abduction.

      Not only that, I can name each of Elizabeth's siblings, her parents, and even her uncle. I can tell you what suburb of Salt Lake City they live in. I can tell the name of the handyman who has done construction work for the family and is now a chief suspect. I can tell you what he was paid for his work. I can tell you what kind of car the handyman drives. I can tell you that the handyman lives in a mobile home nextdoor to his in-laws who also live in a mobile home. I can tell you that he has pet cats.

      I can tell you that Elizabeth's younger sister has told two different stories of what happened the night that Elizabeth disappeared. I can tell you that there was a statewide search during which someone claims to have seen a suspect matching the abductor's description acting strangely in a wooded ravine area, but that further investigation turned up nothing. I can tell you that police have investigated false sightings of Elizabeth as far away as Texas, and that there was also a nationwide manhunt for a material witness who was found after a week in a hospital in the eastern US.

      I have no interest whatsoever in either of these abduction cases. The chances of me ever needing to use any of this information is so far beyond miniscule as to be laughable, but it has all been imprinted in my head, and I don't even watch the news that much.

      Milwaukee may be saturated with news of the abduction of Alexis Patterson, but that saturation doesn't even touch the surface of the nationwide saturation of news regarding Elizabeth Smart. This is in addition to the local saturation in Salt Lake City that I'm sure is every bit as bad as that in Milwaukee. Your post is seriously off base when considering the vast difference in the scale of media hype.

    4. Re:Alexis Patterson by ealar+dlanvuli · · Score: 2, Interesting

      It's just like the Keven Shepard case. There are three rules to making the mass media when something tragic happens to you.

      1: you (or a good portion of your pictures/footage) have to be attractive (this is required)
      2: you have to be "normal", no extremist views for you
      3: you have to identify as "that could be my kid/husband/me!" to a great majority of the add-buying populus.

      the only way to avoid this is to kill like 30 people, but even then you will only get a few days coverage before your trial if you don't fit those rules.

      You will also notice there will be only one contriversial issue covered in depth at a time, this is so everyone knows what to make idle chatter about the next day. If it makes good idle chatter they will continue running it until it gets old. Yes it's disturbing, but really how much do you *really* care about these cases anyway, unless they happen in your neighborhood.

      --
      I live in a giant bucket.
    5. Re:Alexis Patterson by radish7 · · Score: 2, Interesting

      I agree when you mention the media latching on to a particular story and sucking it for all of the money that it's worth. JonKatz's little ditty leads to that point most of the time; and there isn't a problem with it.

      Too many people see the media (TV/newspapers/internet/radio) as an entity that exists for the purpose of informing people about current events. They become outraged when capitalism "rears its ugly head" from time to time. After all, we're entitled to the news! For free!

      The media makes their money by grabbing your ears, eyeballs, or heartstrings. They sell this real estate to advertisers. Don't EVER think they have anything else as their goal (i.e. "fair, unbiased coverage", "local issues").

      I'm a die hard maximizing economist, and so are the media companies. It's just the way it is. If you don't like it, turn that dial to NPR or PBS and rock out.

      -Tom

  3. "News" brand information product by Hnice · · Score: 5, Interesting

    Something I've been kicking around for a while, and I'm neither pro nor against, so I'm wondering if anyone would like to think this through with me, is the idea of strict rules (either from the govt or some trade organization) regarding what can and can't be called 'news'. If i make my orange juice from concentrate, i have to tell people. If i manufacture my sparkling wine in brooklyn, i can't call it champagne. Perhaps there's a public good in someone saying, "it's not news if it's for-profit", or "it's not news if there's any commercials", or something like that.

    It doesn't solve the problem, but it does highlight the phenomenon. Anyone?

    --

    god is just pretend.

    1. Re:"News" brand information product by gerardrj · · Score: 4, Interesting

      Even something as simple as being forced to reveal the initial source of the story. How many 'news' stories today are nothing more then press releases, or marketing hype from a company that's been latched on to by media and re-spun to look relatively neutral.

      Perhaps some other rules should be set in place by this oversight body. Any new show, magazine, paper or other meda that follows these rules will be able to use the trademarked name of something like 'Real-NEWS'

      If a TV station where to follow these rules, they could have one broadcast of the news that is certified. They could run another show where they report all the fluff they want, and still call it news, it just woudn't be certified. A paper could just insert a 'real-NEWS' section and put all the real news there. The rest of the paper could be the standard fluff. My idea for some rules (in no particuar order):

      • Whenever a report of a passenger plane, train or other large crash or some other disater (like 9/.11) is reported, it will be obligatory to also report the number of automobile collisions and deaths for the current reporting day and year to date. These events are trivial in the perspective of killings and death by accident that occur on a daily basis, the public needs to understand these are really non-events. They are only reported because nothing draws a crowd like a large fireball.
      • When a couple has a litter of 5 or more kids that gets glamourized on TV as a 'miracle', they must also report on how much the popluation will be subsidizing them via the tax breaks they will be getting just for being over-breeders. They must futher report on the number of un-adopted children living in orphanages awaiting a home and family.
      • Any 'sound bite' must include the previous 15 and following 15 seconds of audio. The same should go for written stories with a 'previous three and following three' sentences from the desired quote. The media continually cherry pick quotes, ofen out of context, to sensationalize their story.
      • Nothng should be reported on the national news unless it affects at lest 1/3 of the population of the country. I think that' a nice low number and will still weed out all these 'some kid abducted' stories. The fact is that most all news is local news. The national news should latch on to the 'real' stories and provide in-depth unbiased coverage of those stories.
      • Require that no advertising related to a story will apear in the broadcast, or on the same page as the story in print.
      • Anything based on a press release instead of independent/objective research and interviews will not be reported as a news item. It will be placed in the advertisement or opinion sections of a broadcast/paper/magazine.
      --
      Article X: The powers not delegated... by the Constitution...are reserved...to the people
  4. What is the alternative? by Gorbie · · Score: 4, Interesting

    While this article is very true, what else can we do? Do we give control of the news media to the government? Not in my lifetime, I hope. We criticize other governments, ie. Cuba and Afghanistan for filtering news and distributing the propaganda they want their citizens to hear. Do we want to be subject to this more than we already are?

    Do we make news organizations strictly non-profit groups? Would this work in the T.V. and radio markets? If the stations were making no money running news, would they bother, or just re-run Seinfeld episodes so we could hear about "nothing". Easier to do in the print and internet larket, but still not easy. Those entities need to make enough money to keep the presses running and the data lines live.

    In the end, news as a free market entity means that we can all get it. If it weren't for advertisers in a newspaper, the cover price would be quite significantly more than $.50 or so. It may be manipulated by corporate America to a certain extent, but it is also flowing with idealistic people that want to tell us something. Until we can come up with a cheap system that doesn't need sponsorship or government intervention, this might be the best system on the planet.

  5. Agreed by JMan1 · · Score: 2, Interesting

    It's just ridiculous how much "news" time is devoted to following one story that really isn't remotely important on a national scale. Obviously any kidnapping/murder is a tragedy, but isn't there anything more significant to devote hours and hours of breathless reporting to? JonBenet Ramsey, Chandra Levy, whoever this little girl is -- these stories are not news, they're human interest.

    You could argue that 24 hours of several different networks is just too much time to fill with real news, but surely they could use it for more in-depth reporting on real issues. Maybe they could actually educate the public somewhat. Didn't that use to be their job? News should not be entertainment, except in the sense that learning stuff is entertaining.

    I'm not saying they shouldn't have a network or two just for little white girl stories if that's what people want to watch, but there should be SOMEBODY other than public radio/tv to provide actual news and important information.

    It's like radio stations - okay, have a few top 40s stations. But can't we have a couple that play quality music too? Other than public radio?

    I guess these are just ends that the free market goes to automatically, but it sure is depressing. There must be some way to correct the problem without introducing bigger ones.

  6. Just as Guilty ... by Anonymous Coward · · Score: 1, Interesting

    First, Katz says the media seek out stories that "entertain, titillate, blow up or confront". Hello?! This is what American reporters have been doing since Zenger published the first newspaper in the new world. Katz is simply missing the point: It's not about what the media focuses on so much as how the media is focused. The corporate owners hire managers and editorial staff with like political convictions and like profit-making ambitions. Therefore it is not the content of what we see but the fact that we see it that makes any difference at all.

    Second, isn't slashdot guilty of the same offense being complained about? These rantings of drivel are posted on the home page alongside other news. They are labeled "Features" but nowhere do I see "Commentary" (nor even "Comedy"). By posting this piece Slashdot is ironically blurring the news and opinion -- and this is the maybe not-so-obviously-stated subtext of Katz's opining ramblings. Please, give us a break!

    A Concerned Cowardous not News-Challenged Reader

  7. Katz has it precisely right by Catbeller · · Score: 3, Interesting

    It's hard to add to the pile, but here goes:

    About 4 years ago, during the height of the Clinton hate pander, a 12 year old kid called the on-air host of an MS-NBC program. I was watching: it was about a minute before 1 PM. The kid got through the call screeners somehow.

    The kid asked why the immense coverage of so inconsequentual an act as Clinton-Lewinski, when so many more imporant things were happening -- especially the 24/7 coverage of the MonicaStain-NBC network.

    The host, John Gibson, who is on FoxNews now (of course), looked the camera straight in the eye, and said:

    Kid? (disbelieving shake of head) You're watching this show right now, aren't you? We put on the air what you want to watch. If you didn't watch, we wouldn't show it. We have to make a profit. We have to make money, and this makes money. We have to go to the news now.

    (exit, with kid trying to respond as he was drowned out by Gibson).

    --

    I knew news was dead in the U.S. when I heard that said so blatantly on the air.

    I respect the old guard at CBS news. They still hold the line on credibility. The others have become, as Katz said, magazines to sell stuff to rich people. And to impress their neoconservative bosses, the news journalists are censoring themselves every day. It's the only way to get promotions, and money.

    News, as a profession, used to be low-paying work, with the ownership separate from the editors. Now the head of GE wanders into the NBC election coverage headquarters on election night to make his wishes known. Journalists are being canned for criticizing the president, and need I remind you all that criticizing the President was a 24/7 religion 3-10 years ago?

    As for the kidnapping cases, you bet. Here in Chicago, kids are kidnapped every month on the south side. News will not cover that, not the innumerable shootings, stabbings, and rapes that occur. But a single beautiful white teenage girl from the suburbs, if SHE'S hurt, there is endless concern. It's so obvious.

  8. Boy, can I relate... by GregAllen · · Score: 5, Interesting

    My 5-year-old daughter was abducted by my ex-wife over 2 months ago. I have sole custody, and my ex has some pretty serious mental health problems. Sabrina is in a dangerous situation.

    The media is not very interested because she's with her mother. That's not sensational enough. Obviously they don't know the history.

    Please mod me up, and please visit my website: FindSabrina.org

    --
    Please help find my missing daughter: FindSabrina.org
  9. The difference between Smart and Patterson by jht · · Score: 5, Interesting

    The girl in Milwaukee vanished while out of the house. Sadly, that happens all the time. A story in the same vein was the Molly Bish story two years ago - a teenager was snatched right after being dropped off for her summer job as a lifeguard outside of Boston. it got big play in New England, nowhere near as much nationally.

    The Smart story strikes a vein that makes it especially newsworthy. She was taken from her house in the middle of the night. To have someone stolen in your own home like that strikes a nerve in virtually everyone.

    Whenever I hear a "vanished child" story, regardless of the details it bugs me. But my wife and I just had our first child a little while ago (ask gorbie, he's seen the pics). The Smart story is the kind of thing that creates a primal fear in every parent. The home is supposed to be the one place that's secure. When it's not, that, sadly, makes it more newsworthy. I don't relate to what happened to Alexis Patterson the way I relate to Elizabeth Smart. It's not because Alexis is black, or because she's from an inner city. It's because I have a home, and I have a child. And one of the biggest fears I can imagine is waking up in the middle of the night to find your child missing and a window open.

    To get much scarier than that, you'd need to be living a Steven King novel.

    --
    -- Josh Turiel
    "2. Do not eat iPod Shuffle."
  10. Elizabeth Smart missing is a tragedy because...? by Flakeloaf · · Score: 3, Interesting

    Yup, because she's a cute little blonde-haired white girl whose parents have footage of her up on stage doing something cute a la Jon Benet Ramsay (q.v.)

    If, on the other hand, Smart were a homely little black girl with crooked teeth and a left eye that just kinda pointed out into space, a band of wandering perverts could abduct, violate and dismember her, and get only a small fine for littering when they disposed of the corpse.

    Kids go missing every day. The cute ones get press.

    --

    Am I the only one who heard Roxette to sing "I'm gonna get blitzed for some sex"?

  11. Milwaukee vs Salt Lake City? by gosand · · Score: 3, Interesting
    First off, a big DUH to JK for another (sarcasm) insightful (/sarcasm) article. But what exactly does this mean:

    Profoundly pragmatic and opportunistic, they'd be happy to exploit blacks as well as whites, if the demographics worked. They don't cover Alexis Patterson's abduction because poor viewers in Milwaukee or elsewhere have nothing to do with ratings, ad revenue or profit margins. Blonde kids from wealthy families in Salt Lake City do.

    A quick search shows populations of these areas:
    Milwaukee, WI (city)
    Population (1990): 628088
    Per Capita Income (1995): $25,906

    Salt Lake City, UT (city)
    Population (1990): 159936
    Per Capita Income (1996): $19,995

    So what exactly is the point of comparing crimes in these cities? Milwaukee is poorer than Salt Lake City? Hmm. Demographics? Money? Race? What exactly is Jon saying here? Sadly, nobody (including him) knows. I found the above information in about 10 minutes on the net, I am sure a "professional" journalist could come up with some better facts to back up his opinion. What was that opinion again?

    --

    My beliefs do not require that you agree with them.

  12. Another Kidnapping Story by MAXOMENOS · · Score: 3, Interesting
    I realize that this is quasi-off-topic, but there's a local case that hasn't gotten much national press lately, and they could use some help. Two teenage girls disappeared from their Oregon City, OR area apartment complex earlier this year and haven't been found since. The FBI is investigating this as an abduction. If you have any information on Miranda Gaddis (FBI Site) or Ashley Pond (FBI site), please contact the FBI immediately. If you have seen either of them outside the United States, please contact the US Embassy in your country. There is a reward of $50k+ for information leading to the recovery of these girls.

    Just to make it on-topic: there was a flurry of media attention paid to these two girls back in May, but it seems to have died out in the wake of the Smart case. Perhaps no new clues means no new press attention.

  13. Not a salary cap, a deduction cap by Chibi+Merrow · · Score: 2, Interesting

    He didn't cap salaries per se, he just capped the amount of money corporations could deduct. The way it used to be, when you'd pay your CEO 10 million dollars, you could deduct that 10 million from your profits to lower your tax liability. This was done because paying a CEO is a legitimate business expense, he's essentially an outside party (NOT an Employee) that is providing leadership for the corporation. It would be the same as if you paid a consultant to be your CIO, you'd pay him X dollars and deduct that because it would be a business expense.
    So once the salary deductions for CEOs were capped at 1 million dollars, corporations would lose exorbitant amounts of money if they paid the CEO over that amount. They'd be taxed on money they had already spent (kinda like taxing someone on the money they spend on their mortgage, or taxing a farmer on money he spends on fertilizer). So instead, they began giving CEOs stock options. Those could still be deducted. The problem is, the only way the stock has monetary value is if the CEO sells it, and he/she only makes money if it sells at a high price. So they begin fiddling with the books to drive stock prices up so they can actually make some money (nevermind the fact that capital gains taxes would still rip them a new one, but I digress). If CEOs were still paid in cash, there would be less incentive for them to 'cook the books'. And if they hadn't seen the President of the United States get convicted of a felony, disbarred, and then come out of it making millions off of speech deals, with a 12 million dollar book advance, and a 200 million dollar slush fund for his library... Well maybe they wouldn't think they could get away with it to.

    --
    Maxim: People cannot follow directions.
    Increases in truth directly with the length of time spent explaining them
  14. Not really. by nikkelitous · · Score: 2, Interesting

    I am from Salt Lake City and I have discovered the true reason why the Elizabeth Smart case is so huge. It isn't money or race. It isn't media hype or time. It is the fact that Utah has a LAW instigating what is known as the "Racheal System". Every station that wants to broadcast ANYTHING in Utah has to follow the law. It says that ANYONE who gets kidnapped in Utah HAS to get a certain amount of air time. Once that happened here in Utah the case was so big it got national coverage from CNN. It has failed to die since. The Elizabeth Smart case is PROOF of the success stemming from the Racheal system and others like it.