Like many journalists, Cole was an odd mixture of self-confidence and insecurity. Both traits, I later learned, are necessary in a good writer. Without the former, you would never believe your thoughts worthy of publication; without the latter, your thoughts would never be worthy of publication. Cole was also a Catholic who saw it as his duty to stand up for the private investor—the “little man.” I even suspected that he was a bit of a class warrior, what with his ironic “old chaps” and the fact he once referred to investment bankers as “those marble-halled bastards.”
On the first day of classes, Cole had blustered into our Victorianera lecture hall and scratched the names of some of his former students onto the blackboard. All of them were writers on national newspapers. Having expected finance reporting to be a career junkyard, our mood improved. Cole then told us that if we turned up for his weekly lectures and handed in our assignments on time, our names could also one day appear on the blackboard. And then came the best part: Cole said he always gave his favorite students a special end-of-term tutorial—which, to mark the occasion of our imminent graduation, would be held in the Red Lion.
No one skipped Cole’s lectures. The end-of-term tutorial, meanwhile, became our own private folklore. Word came back from other graduates of Cole’s class that it involved an all-day boozing session. Others said it held the secret to getting a job at a major paper. The subject, however, remained a mystery. We would spend entire shorthand classes speculating about its content.
The end-of-term tutorial, Cole promised us, would be a practical, hands-on “‘workshop,” unlike any of the other lectures he had given. It would be a guide on how to extract stories from secretive billionaires, arrogant bankers, and nerdish stock market analysts. The very thought of it made me shudder with excitement. If I became a journalist, would these business behemoths really want to meet me? And would they really give me “exclusive” stories? I had yet to learn that, if used correctly, a career in journalism can be a license to meet anyone, or do anything, if it takes your interest. In journalism, no expertise is required. In fact, I don’t think I truly understood that concept until I ended up in the Iraqi desert.
Eventually, the week before we were due to graduate, Cole came clean and told us what our final lesson would be. Clearly it would be a momentous occasion—the curtain call of The Robert Cole Show to which we had become so addicted during our time at City. “So, you ’orrible lot,” he announced one Friday at lunchtime in his best faux Dickensian sneer, “my effort to educate you is, thankfully, about to come to an end.” We listened in blank silence, notebooks and pens quivering with anticipation. “That means you’re ready for the final tutorial.”
Cole crushed a piece of chalk into the blackboard, then dragged it. After his loopy handiwork was complete, he used his umbrella to point to the white letters he had formed. He cleared his throat. “In this, your last lesson, the date and location of which you already know, you will learn the primary information-gathering technique of the successful business reporter,” he said. “After this, you will be able to go to your future newspaper employers with confidence—knowing that you can cajole and bully a story out of even the most hardened, miserable bastard of a business executive. Chaps, you’re finally ready. See you down the pub.”
With that, he picked up his briefcase and left.
We stared at the dusty letters Cole had just drawn on the blackboard. They spelled out the words, The Lunch Tutorial.
Cole raised his pint glass and ignited a Silk Cut. This was it—the moment we had been waiting for. “Let’s begin,” said Cole. We leaned in over the table, desperate to hear his wisdom over the din of a Kylie track.
The business lunch, Cole told us, was the key to financial journalism. The best tables at London’s best restaurants were our workstations. The waiters and sommeliers were our technicians, helping us work on our raw material—our billionaire dining companions—until we had extracted the precious stones of information within. We could spend as long as we wanted polishing those stones back in the office, but it was at the lunch table that we had to dig for them. “Never underestimate how much someone will tell you while stuffing a salmon blini into their face,” said Cole. “Especially after they’ve drained a bottle of 1990 Gevrey-Chambertin.”
I was nervous, however. Since the age of eighteen I had been suffering from panic attacks, the main symptom of which was a powerful tide of nausea. I spent one entire term at college making jackhammer convulsions into the philosophy department’s toilet bowl. What if that happened at lunch?
“Just follow these simple rules, chaps,” Cole told the table. “You sit down and make small talk. Discuss the weather, the traffic, the bloody route you took in the cab; whatever. Order the starter. Make more small talk. Talk about the news, the book you’re reading, anything you want. Move onto the serious stuff over the main course.” Cole extinguished his Silk Cut using an empty wineglass. Then a thought struck him: “Oh, and if you’re having lunch with anyone in public relations, always order the most expensive thing on the menu, because PRs always pay. For your guidance, anything lobster-related is generally at the top of the price list. Oh, and don’t ever order skate. Too many bones. Impossible to eat. I nearly choked to death on one of those fuckers once. And no one wants to give a choking man a story.”
And that was it: lesson over. Thus educated, I made an appointment with Lindsay Cook at The Times. She didn’t give me a job, of course. But she did the next best thing: She invited me in as an intern.
4
“YOU HAVEN’T GOT A BLOODY HOPE IN HERE…”
Before we move any further toward the blood and the horror (it won’t be long now), I should probably tell you what happened on my first day as an intern. My plan was to stride through the door to the business section as confidently as possible and proceed immediately to Cook’s office, in the hope that her familiar face would help calm me down. After tripping over the step, however, and launching myself into an undignified recovery dance in front of a row of grimacing subeditors, I noticed that the door to Cook’s office was shut. Damn.
When I looked again, I realized why the subeditors were looking so downcast. Behind the blinds of Cook’s office, I could see the flickering outline of the business editor, a tissue pressed to her face. With her other hand she was shakily transferring the contents of her desk into a brown cardboard box.
To this day I have no idea what happened. But Cook, my best Fleet Street contact and perhaps my only chance of getting a job on a national newspaper, was gone. As I trudged downstairs to the office vending machine, wondering whether or not to go home, I almost collided with Robert Miller, The Times’s banking correspondent. I didn’t know it at the time, but Miller, a dapper city gent with a street-brawler’s build and a rhinoceros-hide complexion, was one of Cook’s closest office allies. “Still want to be a journalist, son?” he sneered, brushing past me.
In fact, I did. Having blown my prize money on tuition fees and paid for more than a year’s worth of living expenses with the kind of high-interest debt that would make a South American central bank nervous, I had no Plan B. The only free accommodation available to me was four hundred miles north, in Wooler, but I didn’t much fancy a return to Sheepsville. I had wanted to be a journalist because it seemed like the closest thing to being a rock star without having to be either good-looking or talented. As a petulant, hormone-saturated teenager living in Wooler, the only thing that kept me sane was my family’s daily delivery of The Guardian. It was the only proof I had that there were other people in Britain who read the same books, watched the same films, and bought the same records that I did. I might not have managed to get an internship gig at The Guardian’s arts desk (a task I considered impossible), but I had come close with The Times—albeit via the Most Boring Section. It seemed too depressing to give up now, having come so near to career nirvana.