Andrew Ross Sorkin

Andrew Ross Sorkin (born February 19, 1977) is an American journalist and author. He is a financial columnist for The New York Times and a co-anchor of CNBC's Squawk Box. He is also the founder and editor of DealBook, a financial news service published by The New York Times. He wrote the bestselling book Too Big to Fail and co-produced a movie adaptation of the book for HBO Films. He is also the co-creator for the Showtime series Billions.

Andrew Ross Sorkin
Sorkin in 2012
Born (1977-02-19) February 19, 1977
New York City, U.S.
Occupation
LanguageEnglish
Alma materCornell University
Period1996–present
Notable worksToo Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves
Spouse
Pilar Jenny Queen
​
(m. 2007)​
Children3

Early life and education

Sorkin was born in New York, the son of Joan Ross Sorkin, a playwright, and Laurence T. Sorkin, a partner at the law firm Cahill Gordon & Reindel.[1] His family is Jewish. Sorkin graduated from Scarsdale High School in 1995 and earned a Bachelor of Science from Cornell University College of Agriculture and Life Sciences in communications in 1999 where he was a member of Sigma Pi fraternity.[2] He is not related to writer Aaron Sorkin or defense lawyer Ira Lee Sorkin.[3]

Career

Journalist

Sorkin first joined The New York Times as a student intern during his senior year in high school. He also worked for the paper while he was in college, publishing 71 articles before he graduated. He began by writing media and technology articles while assisting the advertising columnist, Stuart Elliott. Sorkin spent the summer of 1996 working for Businessweek, before returning to The New York Times. He moved to London for part of 1998. While there, he wrote about European business and technology for The New York Times and then returned to Cornell to complete his studies. At Cornell, he was vice president of the Sigma Pi fraternity.

Mergers and acquisitions reporter

Sorkin joined The New York Times full-time in 1999 as the newspaper's European mergers and acquisitions reporter, and was based in London. In 2000, Sorkin became the paper's chief mergers and acquisitions reporter, based in New York, a position he still holds. In 2001, Sorkin founded "DealBook," an online daily financial report published by the Times. As Editor-at-Large of "DealBook," Sorkin writes a weekly column of the same name. Sorkin is also an assistant editor of business and finance news for the paper.[4]

Sorkin has broken news of major mergers and acquisitions, including Chase's acquisition of J.P. Morgan and Hewlett-Packard's acquisition of Compaq. He also led The New York Times' coverage of the largest takeover in history, Vodafone's $183 billion hostile bid for Mannesmann. Additionally, he broke the news of IBM's sale of its PC business to Lenovo, Boston Scientific's $25 billion acquisition of Guidant and Symantec's $13 billion deal for Veritas Software, and reported on News Corp.'s acquisition of Dow Jones and The Wall Street Journal.

Sorkin has reported on the Wall Street financial crisis, including the collapse of Bear Stearns and Lehman Brothers, and the government bailout of other major investment banks and AIG. He has also written about the troubled American auto industry.

In 2007, Sorkin was one of the first journalists to identify and criticize a tax loophole for private equity firms and hedge funds.[5] He first wrote about the topic in a column in March 2007, calling the tax treatment a "charade",[6] and later wrote about it on the front page of The New York Times.[7] He has written at least a half dozen articles critiquing the tax practice by private equity firms and advocated for the government to end the loophole.[8]

In 2014, Sorkin wrote a series of columns criticizing American corporations for trying to lower their US tax bill by merging with smaller foreign companies in a transaction known as an "inversion".[9] He also criticized the Wall Street banks that advised US companies to pursue such deals, describing the banks as "corporate co-conspirators".[10] Sorkin called on the government to end the practice. On September 22, 2014, the Obama Administration changed the tax laws to make it more difficult for US companies to merge to avoid taxes.[11]

On the PRISM surveillance program and Edward Snowden situation, Sorkin said, "I would arrest him and now I'd almost arrest Glenn Greenwald, the journalist who seems to be out there, he wants to help him get to Ecuador."[12] The next day, Sorkin apologized for the comment; Greenwald accepted, tweeting "Thank you: accepted & appreciated".[13] Reviewing his record after his anti-Greenwald outburst, Matt Taibbi described Sorkin as "a shameless, ball-gargling prostitute for Wall Street".[14]

DealBook

In October 2001, while a journalist at The New York Times, Sorkin started DealBook, a newsletter about deal-making and Wall Street.[15] DealBook was one of the first financial news aggregation services on the Internet.[15] In March 2006, Sorkin introduced a companion website published on The New York Times, with updated news and original analysis throughout the day.[16] In 2007, DealBook won a Webby Award for Best Business Blog[17] and it won a SABEW award for overall excellence.[18] In 2008, the site won an EPpy Award for Best Business Blog.[19]

Television

In July 2011, Sorkin became a co-anchor on CNBC's Squawk Box in addition to his duties at The New York Times. Sorkin has appeared on NBC's Today show, Charlie Rose and The NewsHour with Jim Lehrer on PBS, MSNBC's Hardball and Morning Joe, ABC's Good Morning America, The Chris Matthews Show, HBO's Real Time with Bill Maher, the BBC World Service, Comedy Central's The Daily Show and The Colbert Report, and was a frequent guest host of CNBC's Squawk Box before joining the ensemble. Sorkin also hosted a weekly seven-part, half-hour PBS talk-show series called It's the Economy, NY, which focused on how the evolving economic crisis was affecting New Yorkers.[20]

Sorkin is the co-creator for the Showtime series Billions, an American television drama series created with Brian Koppelman and David Levien, starring Paul Giamatti and Damian Lewis.[21] The series is loosely based on crusading federal prosecutor of financial crimes Preet Bharara, the former U.S. Attorney for the Southern District of New York.[21][22] The show premiered in January 2016.

Too Big to Fail
Main article: Too Big to Fail (book)

Sorkin's book on the Wall Street banking crisis, Too Big to Fail: The Inside Story of How Wall Street and Washington Fought to Save the Financial System—and Themselves, was published by Viking on October 20, 2009.[23] It won the 2010 Gerald Loeb Award for best business book of the year,[24] was on the shortlist for the 2010 Samuel Johnson Prize, shortlisted for the 2010 Financial Times and Goldman Sachs Business Book of the Year Award, and was on The New York Times Best Seller list (non-fiction hardcover and paperback) for six months.

The book was adapted as a movie by HBO Films and premiered on HBO on May 23, 2011. The film was directed by Curtis Hanson and the screenplay was written by Peter Gould. The cast included William Hurt as Hank Paulson, the Treasury Secretary; Paul Giamatti as Ben Bernanke, the chairman of the Federal Reserve; Billy Crudup as Timothy Geithner, the then-president of the New York Federal Reserve Bank; James Woods as Richard Fuld, the CEO of Lehman Brothers; Edward Asner as Warren Buffett, the CEO of Berkshire Hathaway; Cynthia Nixon as Michele Davis, assistant secretary for public affairs at Treasury; Bill Pullman as Jamie Dimon, CEO of JPMorgan Chase; as well as Topher Grace as Jim Wilkinson, Chief of Staff to the Treasury Secretary. Sorkin was a co-producer of the film and had a cameo appearance as a reporter.[25]

Awards

Sorkin shared the Gerald Loeb Award in 2005 for Deadline Writing[26] and earned another for Business Book in 2010 for his book Too Big to Fail.[24] He also won a Society of American Business Editors and Writers Award for breaking news in 2005 and again in 2006. In 2007, the World Economic Forum named him a Young Global Leader.[27] Also in 2007, SiliconAlleyInsider.com named Sorkin one of New York's "most influential scribes."[28] In 2008, Vanity Fair magazine named Sorkin as one of 40 new members of the "Next Establishment,"[29] and he appeared on the UJA Federation's 2013 list of 40 under 40 top "movers and shakers" in the Jewish community.[30] He is a member of the Council on Foreign Relations.

In the penultimate episode of Breaking Bad, called "Granite State," Sorkin is briefly referenced.[31] He is said to have written an op-ed in The New York Times accusing fictional entrepreneurs Gretchen and Elliott Schwartz of making donations to drug rehabilitation centers in the hopes of cleansing their company's image after the Walter White scandal.[31] Sorkin later wrote the entire fictional article.[31][32]

Personal life

Sorkin married Pilar Jenny Queen on June 9, 2007.[33] They have three children, the youngest born on January 4, 2017.

References
  1. "Pilar Queen, Andrew Sorkin". The New York Times. June 10, 2007. Archived from the original on January 18, 2017. Retrieved February 21, 2017.
  2. "Notable Alumni". Sigma Pi Fraternity, International. Archived from the original on July 5, 2017. Retrieved June 16, 2017.
  3. Andrew Ross Sorkin [@andrewrsorkin] (July 5, 2009). "since i keep getting asked all weekend, i'm not related to aaron sorkin nor am i related to ira lee sorkin. sorry to disappoint" (Tweet) – via Twitter.
  4. "Andrew Ross Sorkin". Archived from the original on April 12, 2017. Retrieved April 15, 2017.
  5. "Bobbing as the Tax Man Weaves". The New York Times. May 17, 2010. Archived from the original on May 23, 2017. Retrieved August 24, 2017.
  6. "Of Private Equity, Politics and Income Taxes". The New York Times. March 11, 2007. Archived from the original on August 10, 2017. Retrieved February 21, 2017.
  7. "Congress Weighs End to Private Equity Tax Break". The New York Times. June 21, 2007. Archived from the original on August 10, 2017. Retrieved February 21, 2017.
  8. "Putting a Bull's-Eye on a Tax Loophole". The New York Times. March 10, 2009. Archived from the original on August 10, 2017. Retrieved February 21, 2017.
  9. "A Deal to Dodge the Tax Man in America". New York Times. Archived from the original on December 2, 2017. Retrieved March 5, 2017.
  10. "Banks Cash in on Mergers Intended to Elude Taxes". New York Times. Archived from the original on August 16, 2017. Retrieved March 5, 2017.
  11. "The President's Statement on Today's Treasury Department Action on Inversions". White House. Archived from the original on September 25, 2015. Retrieved September 6, 2015.
  12. Greenwald: Beltway media types are 'courtiers to power' Archived May 17, 2017, at the Wayback Machine, Washington Post, By Erik Wemple, Published: June 24, 2013, retrieved from washingtonpost.com on June 24, 2013
  13. "Glenn Greenwald on Twitter". Twitter. Archived from the original on January 26, 2016. Retrieved September 6, 2015.
  14. Matt Taibbi (June 27, 2013). "Hey, MSM: All Journalism is Advocacy Journalism". rollingstone.com. Archived from the original on October 15, 2018. Retrieved October 14, 2018.
  15. "Andrew Ross Sorkin: The man behind Dealbook". The Telegraph. Archived from the original on January 26, 2016. Retrieved January 21, 2016.
  16. "More About DealBook". Dealbook.blogs.nytimes.com. March 1, 2006. Archived from the original on May 9, 2010. Retrieved May 22, 2010.
  17. "Webby Nominees & Winners". Webbyawards.com. Archived from the original on May 20, 2010. Retrieved May 22, 2010.
  18. Sabew.Com
  19. Royal.Reliaserve.Com Archived January 30, 2009, at the Wayback Machine
  20. "It's The Economy, NY". Thirteen. Archived from the original on July 9, 2010. Retrieved May 22, 2010.
  21. Kelly, Jon. "Billions Co-Creator Andrew Ross Sorkin Reveals How He Brought Wall Street Drama to TV". Vanity Fair. Archived from the original on February 21, 2016. Retrieved February 22, 2016.
  22. Orden, Erica. "Manhattan U.S. Attorney Preet Bharara's Office Gets Hollywood Treatment in Showtime Series". Wall Street Journal. ISSN 0099-9660. Archived from the original on February 4, 2016. Retrieved February 22, 2016.
  23. "Too Big to Fail, Andrew Ross Sorkin, Penguin Group (USA)". Us.penguingroup.com. Archived from the original on July 27, 2010. Retrieved May 22, 2010.. ISBN 978-0-670-02125-3
  24. "Early Loeb winners: NYT's Sorkin and Pogue". Talking Biz News. June 29, 2010. Archived from the original on February 4, 2019. Retrieved February 3, 2019.
  25. "Too Big to Fail (2012)". Archived from the original on November 26, 2010. Retrieved July 1, 2018.
  26. "2005 Winners". UCLA Anderson School of Management. Archived from the original on December 16, 2005. Retrieved May 22, 2010 – via Internet Archive.
  27. "World Economic Forum - Search tool". Weforum.org. Retrieved May 22, 2010.
  28. Silicon Alley Insider (November 8, 2007). "23. Andrew Ross Sorkin". Businessinsider.com. Archived from the original on July 23, 2011. Retrieved May 22, 2010.
  29. Vanity Fair.Com Archived August 30, 2009, at the Wayback Machine
  30. Almaz (April 10, 2013). "40 Under 40 List Includes PR Agency CEO and Andrew Ross Sorkin". PRUSA. EverythingPR. Archived from the original on October 12, 2015. Retrieved October 12, 2015.
  31. "NY Times' Andrew Ross Sorkin Writes Fictional Column Around His Breaking Bad Shout-Out". Mediate. Archived from the original on May 5, 2016. Retrieved February 8, 2016.
  32. Sorkin, Andrew Ross. "Breaking Bad: The Gray Matter of Charity". DealBook. Archived from the original on April 11, 2016. Retrieved February 8, 2016.
  33. "Pilar Queen, Andrew Sorkin". The New York Times. June 10, 2007. Archived from the original on January 18, 2017. Retrieved February 21, 2017.
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