'The Leading Journal in the Field': Destabilizing Authority by Norman Jackson, Pippa Carter, Nick Butler
By Norman Jackson, Pippa Carter, Nick Butler
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But discovering such alternate positions requires unpicking much of the DeAngelos’ presentation of their analysis and returning to the underlying sources. , using journalists’ own words. For simplicity of presentation, we omit quotation marks, although all passages are quoted verbatim. The number in brackets following the quote gives the Appendix location of the more complete abstract. We do not claim that the dramatization we next present characterizes the media treatment in every case, as one finds an occasional even-handed discussion of the necessity to trade off the interests of commercial timber firms and those of the public.
Hurwitz, a Houston financier. A child of the lush redwood forests in this fog-shrouded country, Mr. Bertain has dedicated the last seven years to a legal fight that few believe can be won, returning the company to the Murphy family that had managed it since the turn of the century. Mr. Hurwitz’s Maxxam Inc. bought Pacific Lumber for about $900 million in a buyout financed largely with junk bonds handled by Drexel Burnham Lambert, and three members of the Murphy family have retained Mr. Bertain to have the buyout undone, asserting that shareholders were defrauded.
Figure 4: Total acres of remaining old-growth redwoods, 1845-2007. 11 This representation is crude, but it illustrates just how markedly harvesting rates have changed, particularly since the war. Figures 4 and 21 Geoff Lightfoot 5 cover all old-growth in private hands, not just Pacific Lumber, but especially given the weight of Pacific Lumber’s holdings in the total, it is probably not too dissimilar to the pattern of their acreage. Table 6 illustrates how the DeAngelos’ linear projection based on the long-run harvesting rate differs from the pattern derived from the data.