![]() I've seen this play before, reported on it, and then spoke candidly on background to the executives involved, once they were clear of their companies, and it was never a coincidence. This was back in 20, when there were a lot of magazine companies struggling, there was a lot of financial activity, leading to "synergies" (read: layoffs, mostly). People leave companies sometimes, and sometimes the timing looks bad but it's not for any particular reason that is relevant to the company or the business. I used to be a media reporter for Media Industry Newsletter. They may have been forced out or marginalized in a way where they then wanted to leave - either because they just aren't Huseby's chosen lieutenants or because of the company's poor performanceĥ. Well, he's no longer around, and the new leadership (Huseby), may not approve of Saperstein, Hilt and Iannone. The Nook business was conceived and built under his leadership with these executives, which he presumably approved of, at least enough to keep them around. Over the summer, William Lynch was removed from his position as CEO and board-member at Barnes & Noble. ![]() They were forced out because of leadership changes and the company's performance. Sometimes a business situation can get so hopeless and difficult that the leadership in that situation is compelled to leave.ģ. The company is performing so poorly that they are seeking out greener pastures. Further, prepping the company they built to be shuttered or shipped may not be their idea of a fun next step in their careers.Ģ. If this were the case, as many have predicted, then likely these executives would lose their jobs anyway. ![]() The company is going to be closed or sold. There are a few possible reasons that these execs are all leaving now, and I've put them in order of how likely I think they are to be relevant:ġ.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |