Check out this article about agents and the way they engage the publishing process after the book is sold (or not). It’s also interesting the way editors are portrayed–so little power!
It was hard for me to read for two reasons: first, every time I read one of those true but anonymous stories, I was seized by a “ZOMG, that’s my book!” moment. Second, the writer of the article comes across like a fawning dope. The stories he passes on are fascinating; the fact that some agent has a wonderful speaking voice or is very tall? Not so interesting. His editor should have had a go at that crap.