To hear management tell it, the US operation is swimming against tough financial tides, with the Guardian’s global finances in repair mode and the US display ad market going sideways. This narrative, an investigation into the company reveals, is incomplete. Conversations with more than 20 current and former employees, internal documents, and financial figures paint a different picture — one of overspending and missed opportunities by those currently in power, particularly Guardian editor Katharine Viner, global CEO David Pemsel, and Glendinning. The thirst for global expansion was so strong, in fact, that the Guardian’s former US CEO says he was pressured to make unattainable business projections to fuel the growth.
Lefties never have been very good with money, have they?