Archive for the ‘Rumors’ Category
Worth Reading, Feb 27, 2012
We’re back from a Presidents Day break last week (and, well, for me from being very under the weather as well).
- Pew Research on Privacy: The Pew Internet and American Life Project released new data on social network users and privacy, “Privacy management on social media sites.” The report notes, ”Profile “pruning” is on the rise. Deleting unwanted friends, comments and photo tags [has grown] in popularity.”
- Pinterest and Copyright: While Pinterest is continuing to grow in adoption, questions about its ability to manage copyright issues are also rising. See: “Is Pinterest a Haven for Copyright Violations?,” “Pinterest’s uneasy relationship with copyright law: what happens next” and “New code lets websites opt-out of Pinterest.”
- Twitter and Rumors: Two interesting pieces on the intersection of Twitter and rumors or misinformation. “Twitter and Death Hoaxes, Alive and Sadly, Well,” from the New York Times; and from The Guardian, a fascinating interactive look at how specific rumors spread on Twitter during the UK riots last year, “Riot rumours: how misinformation spread on Twitter during a time of crisis.”
- New NPR Ethics Handbook: Craig Silverman at Poynter reviewed NPR’s new Ethics Handbook, “NPR handbook offers accuracy tips for all news orgs, including ‘errors are inevitable.’”
- China and Social Media: Nieman Journalism Lab reviewed a fairly new site that draws news from social media within China called Tea Leaf Nation, “Tea Leaf Nation: A look at China through a social media lens.”
- China and Human Rights: This is a worth listening, but if you didn’t hear the This American Life episode in January with Mike Daisey, “Mr. Daisey and the Apple Factory,” it’s recommended. (Part of the episode is excerpted from Daisey’s live show, “The Agony and the Ecstasy of Steve Jobs,” running in NYC currently at the Public Theater).
Apology Update: Public apology is a five-note chord.
Recent public apologies from Goldman Sachs’ CEO Lloyd Blankfein and Tiger Woods made me wonder why we accept some apologies and denounce others.
Which components of a public apology show us that it is authentic and sincere and, therefore, that we can accept it? Is there a perfect public apology?
Goldman Takes The Lead
When Goldman Sachs’ CEO Lloyd Blankfein issued a public mea culpa, his goal was to convince the public that he accepted responsibility for and deeply regretted his firm’s role in the financial crisis. As a form of restitution, he offered to have Goldman invest $500 million over five years to help small businesses. Mr. Blankfein’s was the first official apology by an investment bank of that caliber, which is by itself a unique occurrence. And yet, Goldman’s apology caused a mixed reaction.
Some stakeholders gave the company credit for taking the initiative to apologize and for its willingness to help small businesses. Most others, including the general public, questioned the sincerity of the apology and its real value. The media called it a “faux apology”, a “non-apology”, a “hollow apology”, and an “unspecified apology.” The author of Mean Street blog (WSJ) Evan Newmark called it a “big PR exercise” that is “so sequenced and packaged that it’s bound to come across as disingenuous, even deeply cynical.”
The negative public reaction was caused mainly by the apparent disconnect between Goldman’s carefully calibrated message and real issues that the company still needs to fix if it is to restore public trust and earn forgiveness.
Tiger One Over Par
Tiger Woods’ attempts to apologize also caused a mixed public reaction.
On November 27, 2009 Woods crashed his car into a fire hydrant near his house. After the incident brought to light many affairs, Woods posted two separate apologies on his website, several days apart.
After the first apology mainstream media, bloggers, vendors, corporate sponsors, and the golf community expressed major disappointment and dismay at Woods’ behavior and did not accept his apology as sufficient. Woods’ story caused a lot of debate even among the apology experts. The only stakeholders who showed support were his fans. Most of them accepted his apology, demonstrating higher tolerance for his personal failings.
Woods’ second apology was more successful and resulted in mostly positive reviews among his fans, critics, media, the golf community etc. It could have been even more effective if the athlete had come clean earlier and had delivered the apology in person rather than on his website.
Why Didn’t the Apologies Work?
Why didn’t people believe Goldman Sachs CEO’s apology? Why did Woods’ first apology reach his fans but did not convince others? Why did his second apology result in more positive reaction among his stakeholders?
What type of public apology do people need to hear to be able to believe it and accept it?
The authors of “The Five Languages of Apology,” Gary Chapman and Jennifer Thomas, might have an answer. (more…)
When Rumors Have Legs
It was like a bad game of telephone. An old Chicago Tribune article about United Airlines filing for bankruptcy protection in 2002 either did or didn’t reappear on the Web site of the South Florida Sun-Sentinel newspaper last weekend. United says it did, the Sun-Sentinel says it was an old archived story that was mistakenly picked up by Google as a new story after it appeared in its “Popular Stories” section. (Read Google News’ explanation here.) A research firm, Income Securities Advisors, found the story when it did a search on bankruptcies. The research firm then posted it on Bloomberg News, thinking it was breaking news.
Innocent mistake? Well, instead of mishearing the details of the weekend from a friend of a friend of a friend (and no one being the worse for wear), the airline suffered a nearly 75% loss of the value of its stocks in less than an hour before trading was halted on Nasdaq. The stock ended up mostly rebounding by the end of the day – once United corrected the reports and trading resumed – but still closed at a loss.
Everyone is now pointing fingers, and the SEC has begun an “informal investigation” into the matter. (more…)