You know capitalism must be working when a media outlet set up to complain day and night about the evils of capitalism is able to turn a $1 million investment into a $315 million sale – a profit that would make Goldman Sachs blush. I read the Huffington Post a fair amount – mostly from my keyword alerts hitting on stories in the HP but I couldn’t help smiling when I read about this early this morning. Ariana Huffington is the new CEO of a number of divisions including MapQuest.
I’ve said in a number of blogs that I see real value in media that digs out and reports on corporate malfeasance. I think the bad apples tarnish the good ones – and they need to be called out.
But old Ariana has been a leading critic of capitalism and greed writ large. And now she joins the club.
Maybe she will give it all away – like Buffet and Gates.