Friday, February 18, 2011

Time fires CEO Jack Griffin for being a prick

Time Warner said late Thursday that Jack Griffin, the chairman and CEO of its Time Inc. magazine unit, is leaving after less than five months on the job.

"Although Jack is an extremely accomplished executive, I concluded that his leadership style and approach did not mesh with Time Inc. and Time Warner," Time Warner CEO Jeff Bewkes said in a memo to Time Inc. employees.

Mr. Griffin declined to comment. Executives familiar with the situation said Mr. Griffin's strategy was on target but his management style had occasionally proven grating enough to become a distraction for some employees.


Read more here.

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