Attanasio, Gates and Buffett a hit with business media
Milken Institute's Global Conference features a who's who among American and international business leaders. And at a time when the economy is among the top news items every day, the annual event becomes a media circus.
FOX Business Network's Liz Claman is covering the event and offering perspective for those of us who want to know what the top minds have to say.
One top mind, with a strong Milwaukee connection, is Brewers owner Mark Attanasio. He chatted with Claman and shared some business insights that she shared on LinkedIn on Thursday.
"Let me ask some of these guys how they're making money in a near-zero interest rate world," Claman posted.
"Look for companies that might be acquisition targets and you can still find some high yield bonds. But you have to dig," Attanasio said. "I can remember back when I worked for Mike (Milken during the Drexel Burnham glory years). We'd buy bonds that returned 4 percent to 5 percent every quarter! 18 percent a year!"
Claman said that Attanasio called those "the days" and she was quick to point out that these are "the days" too. She pointed to optimistic seminars and panels, including one she moderated called "Leaning In or Pushed Out: Where Are the Senior Women in Business?"
In a time of tough news, it is always nice to hear of something looking at the silver linings.
Claman will interview Berkshire Hathaway CEO Warren Buffett, Berkshire Hathaway Vice Chairman Charles Munger, Microsoft Chairman Bill Gates and the newest addition to the Berkshire Hathaway board, Meryl Witmer, in an exclusive sit-down interview that will air on Fox Business Network on Monday.
The interview, including business school students from Georgetown University, Wake Forest University and Columbia University, will take place live, commercial-free at 8:30 a.m.
SUMMER VACATION: Well, for John Stewart, he's not really taking vacation when he will take a leave from his "Daily Show with John Stewart" on Comedy Central in June. Stewart is going to give his chair to long-time correspondent and comic John Oliver so he can direct "Rosewater."
"Don't worry, it's still going to be everything that you love about 'The Daily Show,' just without the thing that you love the most about it," Oliver said, as he prepared for the hosting gig starting on June 10.
"Rosewater" is based on the book "Then They Came For Me: A Family's Story Of Love, Captivity And Survival," written by Maziar Bahari and Aimee Molloy. BBC reporter Bahari was imprisoned in Iran in 2009.
According to Comedy Central, Oliver's first guest on June 10 is Seth Rogen. Stewart is scheduled to return to the show on Sept. 3.
KURTZ OUT: When you cover media and point out mistakes and issues made by others, you need to make sure your own stuff is clean. It's hard, I know I'm far from perfect and I acknowledge and take ownership of the mistakes I've made.
Former Washington Post writer Howard Kurtz lost his job at The Daily Beast this week for a commentary about NBA player Jason Collins. In the commentary, he said that Collins left out the fact that he was engaged to a woman in his Sports Illustrated article coming out as a homosexual. After multiple accounts of pointing out the fact that Collins did disclose the information, Kurtz amended his commentary, claiming that Collins simply downplayed the engagement details.
Kurtz, who also hosts "Reliable Sources" on CNN, was let go from his main job at the Beast after his commentary was completely retracted.
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