Tag Archives: Maria Bartiromo
Mad Money host Jim Cramer was profiled by the Dallas Morning News this morning.
The article notes: “Although he makes money for people, he is not without detractors. A former employee, Nicholas Maier, wrote a book that criticized Mr. Cramer for pumping up stocks by feeding rumors to CNBC’s Maria Bartiromo. He has denied those allegations.
“He has also been criticized for being too bullish, too bearish or too hot-tempered. To avoid at least some of this criticism, his only stock holding is in TheStreet.com.
“Some of the stocks he mentions on the show are held in Mr. Cramer’s Action Alerts Plus personal portfolio, but these holdings are held by a trust, and any profits go to charity.”
Read the article here.
The blogger at WallStreetFighter.com thinks so. He writes: “I need a new entertainment stock show. Who’s going to host? I’m not quite sure. Maria Bartiromo is intelligent and nice looking but a bit boring. Jack Welch is very entertaining but is getting a bit old. Lenny Dykstra could do it but he’s training under Cramer and will probably end up doing the same thing. We need a show that is a combination of Sportcenter meets Squawkbox. If we could get a Dan Patrick type character that know his stocks but has a great sense of humor. I think a girl would be great but she needs to be strong, intelligent, funny, and good looking to attract all the viewers necessary. (Blast me with the emails on that one but it is the truth).”
Here is my suggestion: What about Keith Olbermann? He’s done SportsCenter, and he’s done serious news. Now it’s time for him to do business. Someone would be smart to grab him up. He understands that the stock market is just like a sporting event. There are winners, and there are losers. I think he would bring a seriousness to it as well as some credibility.
Former General Electric Co. CEO Jack Welch and his wife Suzy, former editor of the Harvard Business Review, have begun writing a column in BusinessWeek dispensing managing advice.
One of the questions being tackled in the first column, in the Jan. 30 edition on newsstands today, came from a recently promoted senior executive, Welch said yesterday in an interview with the New York Post.
In essence, Welch said the neophyte executive asks “What do I do now?”
“Everybody’s got their first-time management challenge,” Welch, 70, said from his office in Boston.
I guess Welch has forgiven the business media for all of the negative coverage after he retired from GE and his retirement package was disclosed. But maybe not, considering the recent letter to the editor he wrote to Barron’s in response to an article that criticized GE’s accounting under his tenure.
Former BusinessWeek writer Gary Weiss had this to say about the move on his blog: “Look, it’s easy for an outsider to be critical when a magazine does something dramatic to attract readers or advertisers. The ad sales environment is tough. But what I wonder is this: Does Business Week really need celebrity columns, by the likes of Jack & Suzy Welch and Maria Bartiromo, to keep the ad revenues flowing? Is that what readers and advertisers want from the magazine?”
New BW editor Stephen Adler, who has been at the magazine for less than a year, is obviously shaking things up at the No. 1 biz magazine in terms of circulation.
The press release announcing Welch’s new column can be found here.
CNBC star Maria Bartiromo was in Virginia Beach on Tuesday giving a speech at Regent University. She made several comments about business and personal finance journalism that are interesting to note, according to an article in this morning’s Virginian Pilot:
1. â€œIâ€™m part of the noiseâ€? that complicates investment choices, Bartiromo acknowledged. The news she delivers is aimed at a broad spectrum of viewers, she said. â€œDo you as an investor need every bit of it? No.â€?
2. One challenge that she and other financial reporters face, Bartiromo said, has been tracking the flow of money into hedge funds and private equity funds, two investment classes that have grown rapidly in asset size but lack the financial transparency of publicly traded securities.
3. Some of her coverage from the stock exchange floor could have been more investigative , Bartiromo said during an interview Tuesday, but she expressed no misgivings. The Brooklyn native said her coverage was rooted in a time that included a long-running bull market and investor expectations of a new era that would be fueled by the Internet.
4. The cost of American companiesâ€™ health care plans and the demise of corporate pension plans are topics that she plans to pursue during 2006. â€œThe cost of health care,â€? she said, â€œis the No. 1 issue for corporations today.â€?
Despite her reputation as being simply a pretty face, I came away from reading this article more impressed with her analysis of the business news world than at any other time.
The New York Observer is reporting this morning that CNBC’s Jim Cramer is developing a reality television show where people would receive a certain amount of money to invest and the winner would be the one that showed the biggest return on their investment.
The Observer writes: “King of Wall Street, as the show is presently called, is being conceived on the West Coast and is based loosely on the formula of The Apprentice, according to two sources familiar with the plans.
“The show, if made, would air on CNBC or NBC.
“In an early blueprint, a group of contestants would be given a certain amount of money to invest. Then, as in life, whoever makes the most money wins.
“Naturally, there would be diversions along the wayâ€”games and contests, in which the business-savvy participants will try to sell stock to monkeys or compete for who can go the longest without hitting on CNBC ‘Money Honey’ Maria Bartiromo.”
Cramer and a CNBC spokesman declined comment.
I am not a big fan of reality TV shows in the first place, but this one doesn’t sound that interesting. Then again, I’m probably not the target demographic.
The Media Bistro web site asked its reads for predictions for the new year for TV busines news. Some of the more outrageous predictions from the crystal ball include Jim Cramer leaving CNBC for Fox’s new business channel and being joined by Maria Bartiromo.
One of the more interesting predictions is this: “CNBC programming changes will prove to be disasterous and we will see some moves back to viewer liking. Mark Haines back to Squawk, Erin Burnett can handle Squawk on the Street by herself, she is quite capable, Carl Quintanilla may join Erin on the Street. Faber might pop up onSquawk during the last half of the show into SOTS and Charlie Gasparino will appear less frequently. They will gradually put the bug back on the bottom right (or maybe even above the NYSE ticker) and eventually put volumes back in the ticker. Expect to see some of these moves around the Olympic break. Now if only they can do something about those awful charts, noises, that depressing dark blue scheme, and that boring music!”
Read the entire post here. It’s worth it at least for the entertainment value.
If you haven’t seen it yet, CNBC’s Maria Bartiromo, who became famous for her reports from the floor of the New York Stock Exchange, now has a twice-weekly column in BusinessWeek. Apparently this does not conflict with her primary employer’s relationship with The Wall Street Journal.
The Money Honey’s initial column, which is called “Face Time with Martia Bartiromo,” was with disgraced former American International Group Inc. CEO Maurice “Hank” Greenberg. My initial reaction is that the first column was a lot of fluff and not a lot of substance. If the Q&A that readers got was part of a lengthier interview, then I hope Maria asked tougher questions during other parts of her talk with Hank. (I’m not posting a link to the column online because you have to be a subscriber to view it on the Internet. See if you can grab a copy in the office.)
This is one of the moves being made by new editor Stephen Adler to put a flashier face onto what many consider to be a staid magazine, although it has a bigger circulation than either Forbers or Fortune. But for me, I prefer three other columnists at BW — Robert Barker, Gene Marcial and Steve Wildstrom.
Let’s hope Maria acquires a better columnist voice soon.