No more on Krugman

Start your day with TPM.
Sign up for the Morning Memo newsletter

No more on Krugman and Enron here in these pages — barring some new facts or interesting tidbits. But allow me to briefly touch on one point. The criticism of choice now seems to be that Krugman’s disclosure of being on an Enron advisory board was not enough, since it didn’t make clear this was a paid position.

But this is foolish.

Who serves on any corporate board without pay? No one. These are paid positions, period. Salary. Consulting fees. ‘Honoraria.’ Whatever! Folks get money.

Do people do enough to earn the money? That’s another matter.

Should the companies’ fiduciaries keep a tighter check on the purse strings? Maybe.

But are they paid? Always.

Is pro-market capitalist TPM the only one who knows this? TPM-sponsored classes in corporate governance and culture?

Latest Editors' Blog
Masthead Masthead
Founder & Editor-in-Chief:
Executive Editor:
Managing Editor:
Associate Editor:
Editor at Large:
General Counsel:
Publisher:
Head of Product:
Director of Technology:
Associate Publisher:
Front End Developer:
Senior Designer: