But it WAS over the holiday weekend, so we forgive him. Plus, another dude climbs the 'Times' building, Lehman considers Jersey, the Plaza has a big flip, and summer associates get down on their knees, in our daily industry report.
• Jeff Bercovici wants to know: "What's Regan's price for selling out her country?" After all, if Regan's info on Giuliani is that damaging, shouldn't she divulge it in any case, no matter how much Uncle Murdoch is willing to offer? [Mixed Media/Portfolio]
• Dan Rather's lawyers are getting fed up with CBS nondisclosure agreements. "Who do these guys think they are? The National Security Agency?" [NYO]
• Intrepid Observer reporter spends 45 minutes staring through a window just to see who showed up to a lame Times party. Now that's journalism! [Media Mob/NYO]
For a while now, our friends at DealBreaker.com (and the banking expert Ray Soifer) have been telling us that the rate at which Harvard Business School graduates are taking jobs on Wall Street may be a contrary indicator of how the market will do. "When 10% or less of a graduating class take Wall Street jobs, it's a long-term buy signal," they explain. "When 30% or more take Wall Street jobs, it's a big flashing sell signal." How many Harvard MBAs took jobs on the Street this year? 44 percent. That's combined with an altogether decrease in the amount of work experience among the grads. Yipes! Not that we needed this indicator to tell us we're all fucked in the coming year. But at least it's nice that now we have such a deliciously scape-able goat.
Even More Harvard Business School Students Ruining Wall Street [DealBreaker]