Time Inc.'s CEO 'Fiasco'

How do you break down a fiasco? The New York Times’ David Carr takes on the job, breaking down Thursday’s Time Inc. bombshell that left Chief Executive Jack Griffin without a job and one of the world’s largest media companies scrambling for a successor. While Griffin had been repeatedly warned in his short time at the helm that relying on a small inner circle of consultants would not work out well for him, he also inherited a big problem from his predecessor, Ann S. Moore. While Moore headed up some of Time Inc.’s most profitable titles—People and InStyle—she alienated many of the company’s top executives. Not only did that lead to a dearth of talent for Griffin, but many of the people Moore alienated had digital experience at a time when magazines needed it the most.