Stories matter (part 1)

From Michael Wolf’s brilliant essay which likens the crumbling Murdoch empire to a mafia family in decline…

It’s a superior and blind kind of loyalty. “Can you…?” Murdoch says to several executives visiting with him on his boat (this is the old boat—much smaller than the grander one he has now) when he receives a phone call that he needs to take in private. The executives jump in the water and swim around the boat until the call is done (and this story is not apocryphal).