At Time Inc, forced retirements and a new potential Ann Moore successor

TimeWarner is making it clear that current CEO Dick Parsons is staying put until the board says so. However over at Time Inc, a new layout is already taking shape as long time exec Michael Klingensmith has agreed to walk on Time Inc's request. He was one of four underlings reporting directly to CEO Ann Moore who is also scheduled to depart in early 2009 or 2010. This won't be the first or last requested departures as Ann Moore and her bosses at TimeWarner clear the path for her successor. EVP John Squires's name is now being thrown around as a possible replacement for Moore. Klingensmith will retire shortly after the first of the year, leaving just three executive vice presidents reporting to CEO Ann Moore. "They approached me and I sort of jumped at the chance," said Klingensmith. TIME EXEC SAYS HE'LL RETIRE [NYP]