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paul wilmot's avatar

You know, Tina it seems like a million years ago those Christmas lunches and it’s sort of incredible that we at Condé Nast were the subjects of much interest from the media as well as the other publishing houses. Known for the outsized expense accounts and seemingly unlimited budgets for travel and entertainment, Condé Nast was as much of a white shoe operation as Si could make it. I always thought he used a high end law firm as the business model as to how high end executives were treated and compensated…but unlike executives in public companies there were no stock options or profit sharing…truth is we all got very little compared to the profits that were being generated…but it seemed like a lot and maybe it was compared to other publishing firms.

In retrospect it all seems quite irrelevant now…not only the culture or the place but also the dawn of the death of print as we all sat watching it unfold…

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David Roberts's avatar

Here's Alexander Hamilton in Federalist #76 on his hopes that the Senate's consent to presidential nominations would prevent what is likely about to happen. That last phrase, "the necessary insignificance and pliancy to render them the obsequious instruments of his pleasure." is prophetic.

"The possibility of rejection would be a strong motive to care in proposing. The danger to his own reputation, and, in the case of an elective magistrate, to his political existence, from betraying a spirit of favoritism, or an unbecoming pursuit of popularity, to the observation of a body whose opinion would have great weight in forming that of the public, could not fail to operate as a barrier to the one and to the other. He would be both ashamed and afraid to bring forward, for the most distinguished or lucrative stations, candidates who had no other merit than that of coming from the same State to which he particularly belonged, or of being in some way or other personally allied to him, or of possessing the necessary insignificance and pliancy to render them the obsequious instruments of his pleasure."

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