Mazel Tov, Namibia

Credits for the WSJ and New York's CW11

A Credit to the WSJ for an interesting front page story by Steve Stecklow on former Comverse Technology CEO Jacob “Kobi” Alexander’s current life on the lam in Namibia. His activities include hosting a four-day-long bar mitzvah for his son that seems to have made quite an impression on local residents. Alexander fled the U.S. in 2006 to escape charges that he backdated stock options. It’s a good job by the Journal in following up on a story it helped spur with the excellent enterprise reporting that broke open the backdating scandal. And a Credit to the “Help Me Howard” report on CW11 in New York for a segment on an illiterate New Jersey foster mother forced to put her home on the market after the mortgage rate on her subprime loan escalated beyond her means. Century 21 brokered the sale, but the woman couldn’t understand the documents she was signing and, to her surprise, ended up getting just $100 in return for her house.

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Elinore Longobardi is a Fellow and staff writer of The Audit, the business-press section of Columbia Journalism Review.