Ousted Time, Inc. CEO Jack Griffin fires back at former bosses over job performance
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Ousted Time Inc. CEO Jack Griffin fired back Friday at his former bosses, saying that, during his brief tenure, his work was met with "consistent and documented acclaim" by his bosses.
Griffin, who was dumped by parent company Time Warner this week after just six months on the job, had earlier been called a bad fit by Time Warner CEO Jeff Bewkes.
Griffin countered, "I was recruited and hired by Time Warner to lead the business transformation of Time Inc., based on my clear record of success and results in the industry.
"Every action I took over the past six months was made with that ultimate goal in mind. My exit was clearly not about management style or results," added Griffin, who was recruited from magazine giant Meredith, which publishes Better Homes and Gardens, Ladies Home Journal, More and Family Circle.
In an earlier memo to employees, Bewkes had called Griffin "an extremely accomplished executive," but said "his leadership style and approach did not mesh with Time Inc. and Time Warner."
Griffin was named to the post in August, succeeding Ann Moore, who had been at Time for 32 years. As boss, Griffin made several changes, including expanding the company's online presence and putting Fortune, Money and Time magazines under different management. Some changes didn't sit well with the staff, said media analyst Ken Doctor of Outsell.
"Time Inc. has a very strong culture and doesn't particularly like outsiders," Doctor said. "Part of what's going on here, rightfully or wrongfully, is that the body rejected the transplant."
A management committee will oversee the company until a new CEO is found.