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Time Inc. Looking Outside for New CEO

It seems like the terrific trio at Time Inc. that has been manning the ship since Jack Griffin was forced out isn’t that terrific after all. According to The New York Post Time is now looking for a new CEO, but it’ll be someone from the outside; preferably someone who once worked at Time.

None of the three that replaced Griffin – which includes John Huey, Howard Averill and Maurice Edelson - are being considered for the job:

‘We felt and I felt that we have good management underneath that can work in a team effort,’ [Time Warner CEO] Jeff Bewkes said at the company’s shareholders meeting several weeks ago. ‘Some of them are here today. And they’re doing a very excellent job. But the agreement that we made, between the three of them and us, was that they are not candidates for the CEO job.’

That’s the agreement that they all made? Uh, right. We would’ve have loved to be a fly on the wall (or a fish in a bowl!) for that conversation.

Bewkes: “Okay, so you all agree with me that we need to hire someone outside and that none of you are capable, or even want, to handle this promotion, which comes with a power and pay increase?”
Huey: “Sounds great boss!”
Averill: “Why would I want more money? That’s ridiculous.”
Edelson: “I’m completely content with not advancing my career!”

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