I think the moment writers dream of being published, they have the same wish. They want to write the books of their heart. They want those books to reach a vast audience, and they want someone else to worry about doing all the things that turn a book from a rectangular object on a shelf into a vast global empire a la Harry Potter. Most […]
I was in the middle of a long blog post about writers licensing the rights to their work when the news broke about Donadio & Olson embezzling from their clients. I stopped what I was working on and wrote a different post, because I finally had public proof of something I’d been saying for years: that important, well-known literary agents mismanage and/or embezzle the monies […]
If your agent is stealing from you and still paying some of the money, then you might be making a small boatload and to you it feels like a ton of money. If the agent wasn’t there, you would be making a fleet-of-yachts money. But to most writers, most of whom have been poor, a small boatload is a great deal.
The news broke publicly over the holiday weekend. If you blinked, you missed it. The bookkeeper for a prestigious New York literary agency pled guilty to embezzling millions from the agency, leaving the agency “on the brink of bankruptcy.” Donadio & Olson has existed for 49 years. Started by legendary agent Candida Donadio, the agency has represented some of the biggest names in fiction for […]