Townhall.com, Where Your Opinion Counts
Talk Radio:   Bill Bennett   Mike Gallagher   Dennis Prager   Michael Medved   Hugh Hewitt   
TOP NEWS      
Columns, funnies & more in your inbox!
Thursday, November 22, 2007
Media Consider American Businessmen ‘Bad Company’
By Herman Cain
Poll
Will Hillary Clinton fight for the nomination past June 1st?


The American dream is alive and well, though you wouldn’t know it from watching the network news.

Liberal election rhetoric is counting on middle-class Americans believing someone is out to get them – and that they need the government’s protection. Recently we’ve seen this in media coverage of lenders, which ABC News called “the home wreckers.”

“Locking families out of the American dream by offering mortgages too good to be true,” was anchor Charles Gibson’s description.

Sure, there are unscrupulous lenders out there. But to describe an entire class of businesspeople in such a way is unforgivable.

If it were not for hard-working businessmen and women, we would not have grocery stores stocked with food, cars, our computers, houses or any of our comforts of life.

There’s an old African proverb that says it takes a village to raise a child. Well, it takes a whole country full of businessmen to sustain America. They keep America – and others around the world – eating, driving, playing, and building homes.

But many Americans don’t view businessmen that way. A 2007 Harris Poll revealed that in a list of occupations rated for “very great prestige,” businessmen came in 15th place, after farmers and lawyers. Those specifically in the financial sector ranked even lower – stock brokers, accountants and bankers came in 19th, 20th and 21st, respectively.

The unfortunate truth is that the crimes and scandals of a few – like Enron and WorldCom – have tainted the nation’s view of all in the same profession.

The news media have been the constant bearers of bad news and negative portrayals of businessmen. Yes, Enrons do happen, but very few executives are involved in such scandals. Watching CNN, however, you might think crime was practically a job requirement. On CNN’s “Lou Dobbs Tonight” in 2006, 76 percent of the show’s portrayals of businessmen were negative. The program had criminal businessmen seven times as often as it featured businessmen-philanthropists.

That interesting nugget comes from a study by the Media Research Center’s Business & Media Institute, which looked at an entire year of evening newscasts. It found when businessmen were included in the news, they were often under attack.

This in-depth study, which took thousands of man-hours, identified journalists’ portrayals of businessmen and women and evaluated those that had a tilt toward the positive or the negative. Of those, it found 57 percent were negative. Businessmen were described as “fat cats” or “another corporate crook,” and stories were laced with worries about “stratospheric sums” of “CEO pay run amok.” Continued...

1 2
| Full Article & Comments | Next >
Share:
Vote on It:
Average Vote:
 
About The Author

Herman Cain is the National Chairman of the Media Research Center’s Business & Media Institute. He is the former president and CEO of Godfather’s Pizza, Inc., and currently is CEO and president of T.H.E. New Voice, Inc., a business and leadership consulting company.

Be the first to read Herman Cain's column. Sign up today and receive Townhall.com delivered each morning to your inbox.

It's Not Just a Few Scandals
During the Bush II administration the differential between CEO pay and average worker pay has increased by several hundred percent. At the same time, deregulation philosophy has removed or weakened consumer protections, while business executives have actually written some of our national policy and law. Meanwhile, business has sent American jobs offshore and has given princely rewards to the executives who did the outsourcing. Workers are told not to take their sick days or vacation days if they expect to have a job when they return. Companies are ridiculed by the conservative media for behaving in a socially responsible way; the only responsibility of business, we are told, is to make a profit. Businesses are withdrawing health care plans and retirement annuities: bad for business. Labor unions are viewed as bad and have become much less powerful than in decades.

Pendulums swing, and the conservative movement has caused America's pendulum to swing 'way far in favor of business. Meanwhile, people suffer. But business is the boss now, make no mistake. I subscribe to two major daily papers, and both of them are now 50% ads in the entire front section. Television is 30% ads (my enraged husband sits with a stop-watch timing commercials). The theme of Cain's article is that business is being victimized by the media. Business is nobody's victim. It's in charge. And when Corporate America is ruthless, as it often is, it shouldn't expect to be loved.

Lilly
You're crazier than a bedbug - but happy Thanksgiving anyway! (Was is Stalin or Lenin that always railed against profits? Profit can be expressed as the cost of efficiency in Economic terms. Econ 101! Educate yourself.)
Sign Up to Post Your CommentsSign Up to Post Your Comments
If you are already registered, click here to login. Otherwise, please take a few seconds to register with Townhall.com. Once you sign up, you’ll be able to post your comments immediately, use the action center, get podcasts, and more!
Note: Fields marked with a red asterisk (*) are required.
Salutation:
First Name:
*
Last Name:
*
Email:
*
Nickname: