Gary Weiss
Gary Weiss | |
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Born | |
Years active | fl. 1984–present |
Known for |
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Gary Weiss is an
Early life and education
Weiss grew up in New York City and attended public schools, including the Bronx High School of Science. He received degrees from the City College of New York and the Medill School of Journalism at Northwestern University.[1]
Career
Weiss was a reporter for the
Between 1986 and 2004 Weiss wrote investigative articles for Business Week, including cover stories on the dangers of the
In testimony before a U.S. Senate committee in 1991, Warren Buffett, then temporarily running Salomon Brothers, said that he learned of a bond trading scandal by reading Weiss' article in Business Week. At the time the article came out, he said, Salomon Brothers was denying a scandal was taking place. Buffett said, "I was not that aware personally about the squeeze, not until I did read that Business Week story."[4]
Weiss authored a cover story in the April 1, 1996 edition, titled "Fall of the Wizard," that was critical of Julian Robertson's performance and behavior as manager of hedge fund Tiger Management. In response, Robertson sued Weiss and BusinessWeek for $1 billion for defamation. The suit was settled with no money changing hands, and BusinessWeek standing by the substance of its reporting.[5][6] After two years of poor performance, the Tiger funds closed in 2000.[7]
In 1998, Weiss wrote a Business Week commentary calling for strict limits on leverage, saying "limiting leverage may make some high-tech investment strategies difficult or impossible. It might also cut into the derivatives business of banks and Wall Street firms. If that's the case--well, so be it."[8]
Weiss's "Mob on Wall Street" and other Business Week stories were praised by then-
In 2006, Weiss became a founding member of
From November 2006 through March 2008 Weiss was a columnist for Forbes.com.[11][12]
Weiss has been a contributor to
From October 2008 until 2010 Weiss was an editor for
Books
Born to Steal (2003) focuses on Mafia-linked stockbroker Louis Pasciuto and Wall Street firms infiltrated by organized crime in the 1990s.[18]
Wall Street Versus America (2006) is an "attack, using humor and ridicule" on the morality of Wall Street, its regulators and the
Ayn Rand Nation (2012) is an analysis of Ayn Rand's philosophy of Objectivism and its influence on the political and economic environment in the United States.[23] George Monbiot, writing in The Guardian, argues that Weiss shows in the book that Rand 'has become to the new right what Karl Marx once was to the left: a demigod at the head of a chiliastic cult.'[24]
Bibliography
- Born to Steal: When the Mafia Hit Wall Street. Warner Books. 2004. ISBN 0-446-61398-3.
- Wall Street Versus America: The Rampant Greed and Dishonesty That Imperil Your Investments. Portfolio Hardcover. 2006. ISBN 1-59184-094-5.
- Ayn Rand Nation: The Hidden Struggle for America's Soul. St. Martin's Press. 2012. ISBN 978-0-312-59073-4.
- Retail Gangster: The Insane, Real-Life Story of Crazy Eddie. Hachette Books. 2022. ISBN 978-1-549-13409-8.
References
- ^ a b c The Author Weiss, The Weiss Files
- ^ The American Stock Exchange: Scandal on Wall Street Gary Weiss BusinessWeek Online April 26, 1999
- ^ Online Investing Gary Weiss BusinessWeek Online June 5, 1995
- ^ "Warren Buffett Read it Here First". Business Week. Oct 14, 1991. Archived from the original on December 1, 2004.
- ^
Weiss, Gary (April 1, 1996). "Fall of the Wizard. Part 1". McGraw-Hill. Archived from the original(Magazine article) on January 18, 2013. Retrieved November 11, 2009.
- ^ Truell, Peter (December 18, 1997). "The Media Business; Investor Settles Libel Suit Against Business Week" (Newspaper article). The New York Times. Retrieved November 11, 2009.
- McGraw-Hill. Archived from the original(Magazine editorial) on 2013-09-02. Retrieved November 11, 2009.
- ^ "Slap a Limit on Leverage--Now". Business Week. October 1998. Archived from the original on January 21, 2011.
- ^ Thanks from the FBI BusinessWeek Online, December 25, 2000
- ^ Project Klebnikov (2006). "www.ProjectKlebnikov.org". Stern & Co. Archived from the original on 2011-03-12. Retrieved 2006-10-30.
Project Klebnikov is a global alliance specifically devoted to developing new information on the Klebnikov murder and to furthering some of the investigative work Paul began.
- ^ Gary Weiss Joins Forbes.com As Columnist Archived 2007-07-07 at the Wayback Machine press release, Forbes, Inc., Nov. 2, 2006
- ^ "Gary Weiss". Forbes. Archived from the original on October 27, 2007.
- ^ Gaffen, David. Blog Roll — Overstock Edition, The Wall Street Journal, February 14, 2007.
- ^ Mitchell, Dan, "Flames Flare Over Naked Shorts", The New York Times, January 20, 2007.
- ^ Antilla, Susan. "Overstock Blames With Creepy Strategy", Bloomberg, February 21, 2007.
- ^ Faille, Christopher. "The Gray Lady Fans the Flames[permanent dead link], Hedge World, January 22, 2007.
- ^ Gary Weiss. "The Weiss File". - Portfolio.com. Retrieved 13 May 2011.
- ^ Whelan, David (August 21, 2006). "Weiss Vs. Wall Street". Forbes.com. Retrieved 2006-11-02.
- ^ Publishers Weekly, Reed Business Information
- ^ Arango, Tim (2006-01-22). "Playing Musical Chairs - Moguls Eyeing Moves for Different Powerhouses". New York Post. N.Y.P. Holdings, Inc. p. 30.
- ^ Corporate Crime Reporter (2006). "Wall Street Versus America". Corporate Crime Reporter. Retrieved 2006-10-30.
- ^ Antilla, Susan (2006). "Wall Street, Don't Let Customers Read This Book: Susan Antilla". Bloomberg.com. Retrieved 2006-10-30.
- ^ Non-fiction review, Publishers Weekly, 16 January 2012
- ^ Monbiot, George (2012-03-06). "How Ayn Rand became the new right's version of Marx". The Guardian. Retrieved 2013-10-20.