Today’s Wall Street Journal included a story about the firing of Jack Griffin as CEO of Time, Inc., after just 6 month on the job. You can read the story here.
Among the reasons:
Griffin wanted his name on the masthead, so he demanded a separate page – costing the company $5 million a year. The article noted that this expenditure came at a time when the company had laid off hundreds of employees.
Griffin made demands that didn’t go over well, such as 7:30 AM meetings.
Well, I agree that 7:30 AM might not be friendly if you’ve got kids to send to school or even a semblance of a life. But that’s a revolutionary change.
I remember talking to a classmate from my MBA program, now heading a management team at a Fortune 500 company, back in the 1980s. She talked about calling 7 AM meetings with her team. I think she was a little proud of her power but she also genuinely believed this was the way things were one.
Of course we’re learning about these events through a reporter’s filter. But if the article is accurate, are we seeing real change … or are we listening to some whiners or hopefuls?