The corporate scandals of Enron and
WorldCom were the shots heard ’round the business world. As a
result, "the reactionary media [acted] like every American company
was a sham; every CEO a criminal," said Fox’s Dagen McDowell on the
October 23 "Your World with Neil Cavuto."
That negativity spread throughout media
coverage of business until "you would have thought the sky was
falling and every company was led by rogue CEOs, when it turns out
97 percent of them are brilliantly led and certainly honestly led,"
said Jeff Sonnenfeld of the Yale School of Management on the same
October show.
The Business & Media Institute
previously found that slant – negative to the point of painting
businessmen as criminals – in American entertainment media.
This was the third installment of BMI’s
look at how the media portray the American businessman. The results,
though unsurprising, are very disappointing. No matter where you
turn in the mainstream media – TV dramas, Oscar-nominated movies or
the evening news – businessmen are depicted as criminals.
BMI started with the mission of finding
businessmen on news shows and seeing how they were covered.
Researchers devoted thousands of man-hours to the most detailed
analysis possible.
The findings on the portrayal of
businessmen showed how network news shows, and by extension the
American public, view those who build our society. The news audience
sees people on the street fuming about oil companies as they buy
their gasoline. They see workers fuming because their bosses made a
lot more money than they did.
Men-on-the-street are a dime a dozen,
but businessmen stay behind the scenes in media coverage until
something goes wrong. Then the Enron and WorldCom templates come
out, and businessmen get blamed for the scandal du jour.
They are put on the spot to defend
themselves, sometimes from legitimate complaints but sometimes
simply for doing business. The year 2006 showed that the media
focused on criminal businessmen more often than those who were
philanthropists publicly giving to others. That didn’t even touch on
those whose gifts and actions weren’t publicized, who go about their
business every day across the country.
American businessmen and women were busy
in 2006. They were building companies, hiring workers and promoting
products. U.S. businesses created 1.8 million jobs. And businessmen
were sharing their success through donations to millions of people
at home and abroad.
But in evening news portrayals, they
were most likely to be under attack – when the news focused on
businessmen at all. On the three broadcast networks (ABC, NBC and
CBS), businessmen appeared in about 37 percent of business stories.
Not just all stories, but stories about business, where they would
be expected.
A year of close examination revealed
that the nightly news shows have a long way to go to represent the
role of businessmen in American life and to portray it in a balanced
way. Until journalists can curtail knee-jerk negative reactions to
money and present ways the free market helps consumers and employers
alike, the audience’s understanding and appreciation of business
will continue to suffer.
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The Defense Never Rests •
‘Oh,
How the Mighty Have Fallen’ – and We Covered it 105 Times
Philanthropy •
Small Business vs. Big Business
• Good Stories
Conclusion •
Recommendations •
Methodology
