Whoa! CEO of The Grey Lady Up and Quits!
Posted by Andrea Ryan on Friday, December 16, 2011, 4:50 PM
The Daily Mail just reported, New York Times CEO suddenly quits without reason leaving firm without a chief OR digital boss…
The New York Times is today reeling after its chief executive said without explanation or warning that she will step down in just two weeks’ time.
Janet Robinson, 61, has led the newspaper company for seven years through mammoth advertising declines and slumps in its share price.
She will leave along with the company’s long-time digital leader Martin Nisenholtz, meaning the firm will start 2012 without a CEO or digital boss.
The company’s stock price has dropped 82 per cent since she was appointed CEO in 2004 – and it’s down nearly 25 per cent this year alone.
One paper source said ‘no one had an inkling this was coming’.
There’s no mystery here. CEOs announce their “retirement” all the time…with two weeks’ notice…no plan for a successor…in the middle of the biggest holiday of the year…with no explanation…all the time.
Did I mention the New York Times’ profit has also dropped 82%? Yep. She “retired”.
h/t Gini
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Published May 23, 2012 at 4:57 am - 64 Comments
ahem commented:
Her work there is done.
Buffalobob commented:
Stock down 82% since her appointment as CEO and only 25% this year, hell just like obama if she is only given a little more time she could turn this tub around.
KornKing commented:
Usually it’s something like”to pursue other interests”, like finding another job
RJ Chavez commented:
Anything worth doing is worth doing badly, eh?
Rob H. commented:
“What’s that you say, Mrs. Robinson
The New York Times has left and gone away
(Hey, hey, hey…hey, hey, hey)
chris commented:
Actually, her work doesn’t seem to be done…she accepted $4.5m to advise her ex-employer for the next year. What a gift to the shareholders!
All that expertise in destroying value harnessed for another 12 months at a pittance. I think Murdoch’s hands are behind this.
Charlie commented:
I knew that the NYT were going to take a hit with their #Occupy Wall Street thing, but this… I guess the internal polls are now showing that it went so bad that upper management is to be thrown under the bus.
Galt commented:
Good riddance!
retired military commented:
Doubt her final monetary pay will not be announced.
Orangeblossom Sandybanks commented:
Don’t be fooled by that ‘consultant’ baloney. That’s just how the Slimes had to label the $4.5 they paid to buy out her contract and kick her to the curb.
This consultant’s phone is never going to ring.
Gregor commented:
She’ll be working for Obama by Monday morning. Oh wait. She’s already been working for Obama. My bad.
bg commented:
++
nothing “grey” about the NYT..
==
RedBeard commented:
80 years too late, but it appears the curse of Walter Duranty is finally taking effect. Better late than never.
dba...vagabond trader commented:
The birdcage liner soon to follow.
wth commented:
Oops!
Fark it up and bail… typical lib.
Just wish B.O. would follow through on the second part
bear commented:
Rats always flee a sinking ship. Even when they are the ones poking holes in the bottom.
BTW, her hairdo, in concert with her outfit makes her look like she’s wearing a bhurka. Seems fitting for the nyt editorial philosophy.
Also BTW, dittos to Galt #8!
P.S. BTW, it must be Bush’s fault. (In this case, I hope so!)
Fuzzlenutter commented:
Aaaaaah yes, the hard life of the liberal privileged rich & spoiled.
“Come, Destroy, Walk Away with a Cool $4,500,000.”
pink tie Republican commented:
The sexist bastids canned her cause she’s a dame!
whit seven commented:
Apparently there are some Times supporters calling for somebody like krugman or friedman to take the helm cause they’re so darn smart……I’d love to see that.
Dunce commented:
The Times has not been run as a business for years and by going all in for obama they have shared in the publics rejection of him and his failed policies. Every time circulation dips, so does advertising revenue, but they refuse to take a neutral position on the most controversial ideas and merely report the news. Every library used to put the times on the shelf but with the internet, a younger generation that does not read print media, and library budget cuts due to this broken economy, the subscriptions have been cancelled. It does not respond because it is an inbred family controlled company.
a former dem commented:
I think she got a job at MSDNC, so she went there to “work” *ahem* , I’m sure Mika and her sidekick will forward her all the WH’s talking points on everything.
a former dem commented:
I used to subscribe to the NYT, was a subcriber for about 10 years, cancelled all of it in 2008.
Adi commented:
And one would have thought that all those pro-shariah articles will somehow pay for The Slimes, but it seems Middle East money somehow alluded them. :sniff: :sniff:
Stuart commented:
The resignation story didn’t say anything about the Gulfstream 5 waiting on the JFK tarmac with its engines idling, and its JFK to Rio flight plan did it?
No truth to that rumor huh? Just thought I’d ask.
Stuart commented:
Caption contest for the pix.
My entry:
“Yes, since you had to ask, he is that long, and that’s why we are running away together.