Everybody Hates Imus
Now they do, anyway. After all, Imus said some really nasty things, and no one could have seen that coming, eh?
What's interesting to me as a student of stocks is how all these Imus advertisers are just now crawling out of the woodwork to voice their shock. According to The Wall Street Journal, Procter & Gamble (NYSE: PG) and Staples (Nasdaq: SPLS) have yanked their ads. Berkshire Hathaway's (NYSE: BRK-A) Netjets is among those reportedly staying put for now. This is front-page news in the business world, somehow.
But the real meat of the story is the knee-jerk hypocrisy of these advertisers, whose collective outcry can be summed up as: "Oh my God, I can't believe Imus said that!"
Have they ever listened to his show? This is what he does...