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A more plausible explanation is that owning a newspaper is a source of prestige and influence.
Basically: an exchange of prestige for either money or another kind of prestige.
Administering Libor is more a matter of prestige than a source of big revenue.
An important identified barrier in the interviews was a lack of prestige for publishing negative results.
Prestige's board is not staggered, so Genomma has the chance to push out a majority of Prestige's board, clearing the way for a takeover.
Sleeping in became a mark of prestige.
They bring a lot of prestige".
It is purely a matter of prestige".
"But they also want a level of prestige".
It's a matter of prestige and responsibility.
A lot of prestige recordings could use more of it.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com