Up the Nile, with a paddle?
Mark Vadon, CEO of the successful gemstone retailer, BlueNile, joins the board of wine.com. But can he help the retailer, which has undergone many revisions of their business plan over the years? [CNN]
Wine and capitalism
“The laws of capitalism are, he argued, ‘not adapted to wine because behind wine there is history and tradition,’ and because vines take years to develop, have a life span of decades and do not provide the quick returns required by the market.” Roger Torreilles, president of the wine producer Cave des Vignerons in Baixas, near Perpignan, quoted in the NYT.