Quotes by Andrew Ross Sorkin

About Andrew Ross Sorkin:

Andrew Ross Sorkin is a Gerald Loeb Award-winning American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail (2009) and co-produced a movie adaptation of the book for HBO Films (2011).
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z

In the age of activism that is clearly not going away, it would seem that some form of engagement from directors with shareholders - rather than directors simply taking their cues from management - would go a long way toward helping boards work on be...

Andrew Ross Sorkin

The numbers were, at best, guesstimates, and all three men knew it. The relevant figure would ultimately be the one that represented the most they could possibly ask from Congress without raising too many questions. Whatever that sum turned out to be...

Andrew Ross Sorkin

In truth, the best Bitcoin can hope for is to be a second-rate version of gold, if that.

Andrew Ross Sorkin

No one suggested Lehman deserved to be saved. But the argument has been made that the crisis might have been less severe if it had been saved, because Lehman's failure created remarkable uncertainty in the market as investors became confused about th...

Andrew Ross Sorkin

In truth, in the fairy-tale version of bailing out Lehman, the next domino, A.I.G., would have fallen even harder. If the politics of bailing out Lehman were bad, the politics of bailing out A.I.G. would have been worse. And the systemic risk that a ...

Andrew Ross Sorkin

The failure of Lehman may have allowed the government to do more to prop up the economy than it otherwise could.

Andrew Ross Sorkin

Under the Foreign Corrupt Practices Act, a company is not allowed to provide a personal benefit to a decision maker in return for business. But hiring the sons and daughters of powerful executives and politicians is hardly just the province of banks ...

Andrew Ross Sorkin

Several companies have explicit policies against cronyism, with good reason. Hiring a family member simply for a relationship can be troubling and may not necessarily serve a company's interests. But by and large, financial firms in particular common...

Andrew Ross Sorkin

By now, it seems as if everyone has already read Thomas L. Friedman's 'The World Is Flat: A Brief History of the Twenty-First Century.' It changed the way we think about global business, competitiveness and the implication for far-flung economies, go...

Andrew Ross Sorkin

The genre of narrative business books that I love so much - the ones that have a you-are-there quality - was invented, or so it is said, in 1982 by David McClintick, who wrote 'Indecent Exposure,' a rollicking good read about a Hollywood scandal and ...

Andrew Ross Sorkin

My training really was at the 'New York Times,' you know. When I got there, I was literally supposed to stay there for five weeks, and I got lucky like nobody, you know, like nobody's business.

Andrew Ross Sorkin

In many ways, education is a lousy business. Teachers are not normal economic actors; almost all of them work for less money than they might fetch in some other industry, given their skills and advanced degrees.

Andrew Ross Sorkin

Wall Street is littered with clever plans to use financial instruments to change behavior - carbon trading, for example. Some have changed the world, and others failed miserably.

Andrew Ross Sorkin

In truth, Wall Street is in for a radical makeover. Fewer people, lower margins, lower risk, lower compensation - and ultimately, fewer talented people. It is likely to change the culture of an industry that for nearly a century has been the money ce...

Andrew Ross Sorkin

The moment a large investor doesn't believe a government will pay back its debt when it says it will, a crisis of confidence could develop. Investors have scant patience for the years of good governance - politically fraught fiscal restructuring, aus...

Andrew Ross Sorkin

Bitcoin, in the short or even long term, may turn out be a good investment in the same way that anything that is rare can be considered valuable. Like baseball cards. Or a Picasso.

Andrew Ross Sorkin

The blowback against a bailout of Lehman would have been fierce. It is often forgotten, but the prevailing wisdom the day after Lehman fell was that its collapse was a good thing.

Andrew Ross Sorkin

The ethos on Wall Street has not changed, and that's not going to come from the corner office. That's going to come, for better or worse, from Washington, and the whole idea of greed is still good, that is still pervasive.

Andrew Ross Sorkin

There's a good argument to be made that companies that are private, where they're run by partnerships, where everybody has true stake in them and they're not playing with other people's money, that by default it's a safer system, because you really h...

Andrew Ross Sorkin

I don't want to put words in Geithner's mouth, but I think he is generally against the revolving door of government officials taking jobs with companies that they have overseen or in roles that involve lobbying. At minimum, I'm pretty sure he felt th...

Andrew Ross Sorkin

Author Bio

  • NameAndrew Ross Sorkin
  • DescriptionAmerican journalist and author
  • BornFebruary 19, 1977
  • CountryUnited States Of America
  • ProfessionJournalist; Author
  • WorksToo Big To Fail