A painting commissioned for the firm’s hundred-and-fiftieth anniversary, “Transport Through the Ages,” hung above the reception desk. Bouvier insists that he never used confidential information from his logistics business to buy and sell paintings. None of the thirty-five works that he sold Rybolovlev were in storage with Natural Le Coultre. “I have the information not because I am a shipper,” he said. “It is because I am clever.”The high-end of the art market is full of mystery, built on trust, reputation, and secrecy. What happens when someone starts turning all of that on its head? An art shipper, Russian oligarch, and a Rothko in The Bouvier Affair. (Sam Knight, for The New Yorker)
We Know How You Feel Computers are learning to read emotion, and the business world can’t wait.
What the gospel of innovation gets wrong. The championing of "disruption" in modern business is built around some very flaky research that does not bear out its sweeping conconclusions.
How do you cram a bunch of strangers into an airborne metal tube, charge them a lot of money for the privilege, and get them to rave about it? Hire people like James Park to attract the one percent. [more inside]
This was not the act of a fringe contingent. The letter—which, until now, has never been published in its entirety—is signed by 154 staffers, including J.D. Salinger, Calvin Trillin, John McPhee, Jamaica Kincaid, Saul Steinberg and Janet Malcolm. There are a few notable abstentions, including John Updike and Charles McGrath, who would soon be named Gottlieb's deputy. At the bottom, it reads "cc: S. I. Newhouse."The Letter: Robert Gottlieb's Tenure as the New Yorker's Managing Editor, Elon Green, The Awl (SLTheAwl)
The most sensible take I've seen on Enron and Bush. Once all the fuss has died down—Congress is currently planning ten separate inquiries—two good things will probably have come out of the Enron mess. Companies will no longer be allowed to use their pension programs to treat their employees as an especially loyal and malleable class of shareholder; instead, pension funds will have to be diversified. And accounting firms will no longer be allowed to act as paid consultants to the companies they audit, as Arthur Andersen did with Enron. New Yorker link, no registration required.