Who Won? Who Lost? A Weekly Review.
5:00 pm, June 11th | by Amy Tennery
How fortuitous that Weinergate erupted just after Twitter’s CEO announced the site’s soon-to-be-launched photo-sharing service? Indeed, in a weekly news cycle dominated by a certain congress member, Costolo was the true winner. The scandal diverted more news buzz to the site than any other Twitter-adjacent events in the last year. Nothing to sniff at.
Honorable mentions: Lloyd Blankfein, who was (somewhat) vindicated in the press by none other than Andrew Ross Sorkin. Jeff Zucker, who announced his television comeback with Katie Couric this week (and confirmed the industry’s worst-kept secret). The Walton family, which announced it was taking back control of Walmart.
This week’s loser? Vikram Pandit.
The Citigroup CEO joined the long roster of tech-hacking victims this week, after announcing that 210,000 Citigroup accounts were compromised (Sony and Nintendo feel your pain, buddy). Okay, so technically they didn’t join the hacked crowd this week — his company was hacked in May. But this is precisely what makes him this week’s loser, too. It’s bad enough that your company gets hacked — it’s worse when you don’t tell people about it for nearly a month. Just ask Howard Stringer.