Word: reporter
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Dates: during 2000-2009
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...Gist: It's rare that a summer intern gets to author a report under the masthead of Morgan Stanley. But such is the luck of Matthew Robson. When the research arm of the vaunted financial giant asked the 15-year-old Brit to explain exactly how teenagers are using all these shiny new gadgets like cell phones, video games and the Internet, Robson gave them a concise summary that's impressive coming from a teen - but not exactly groundbreaking. Except, perhaps, to the financial set: an inexplicably enthused Morgan Stanley published Robson's anecdotes online under the lofty title...
...Lowdown: No disrespect to the young Robson - it's great to have anything published as an intern. The real beef lies with the businesses and bankers who are buying into a pretty self-evident report with some questionable assertions. While it's prefaced with a disclaimer that Morgan Stanley doesn't claim "representation or statistical accuracy," some of Robson's statements seem a little bit off. Some studies estimate that up to 31% of Twitter's users are between the ages of 15 and 19, which calls into question the worthiness of the bold assertion that "teenagers...
...real lesson? Those at Morgan Stanley need to spend a bit more time with their kids. Do that, and we suspect the revelation that teenagers like cell phones and free music will seem, well, a little less revelatory. Ultimately, Robson's report does more to reveal how out of touch some in the business world are than to shed light on anything new about teenagers and the media...
...sign that Kmart's spring and summer inventory is not selling through." And Santa certainly isn't going to save Sears and Kmart, retailers that seem increasingly irrelevant in the Walmart/Target/Home Depot world. For example, as Morgan Stanley analyst Gregory Melich writes in a recent equity research report, "Sears Holdings' underinvestment in stores has degraded its ability to withstand the magnitude of the current pullback in consumer spending." (See 10 things to buy during the recession...
...final verdict in the case is likely a year off. If convicted, he would serve his jail sentence - he's facing life imprisonment - in Britain. But even if he is acquitted, it doesn't mean his worries are over. Last week, the Liberian Truth and Reconciliation Commission released a report on the 1989-2003 civil wars. It has a list of eight warlords whom it wants brought to trial for crimes against humanity - and Taylor is on that list...