Who Won? Who Lost? A Weekly Review
4:30 pm, July 30th | by Amy Tennery
This week’s winner? Jeff Bezos.
Just one week after the demise of Borders, the Amazon honcho celebrated a 51-percent revenue climb, marking the company’s most rapid growth in 10 years. Wow. Sure, Borders folding probably makes little difference to Amazon’s bottom line — it would be hard to have considered the bookseller much of a “competitor” toward the end there. Still, the timing was rather symbolic. Amazon’s on its way up — and we’d imagine Bezos is celebrating!
Honorable mention: James Murdoch (yep), who got to stay on at chairman at BSkyB. Finally, a reason to celebrate.
This week’s loser? Rebekah Brooks.
Okay, mogul she is not — but her public prominence in the News Corp phone hacking scandal justifies her inclusion. And it’s really hard to imagine who could have had a worse week. Just a couple days ago, word emerged that NOTW may have hacked the phone of a murdered child’s mother. A phone that, according to new allegations, Brooks may have personally given the mother. Of course, Brooks denies this, but the claims alone are pretty horrendous to have to face. The woman in question had publicly called NOTW her “good and trusted friends.” Oof. Ouch.
(Dis)honorable mention: Ross Mandell, the self-proclaimed Wall Street “bad boy” who was found guilty of a $140 million securities fraud scheme.