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| CEO Joe Ripp (center) rings the opening bell at the NYSE on Time Inc's first trading day |
Time Inc Chairman/CEO Joe Rip -aka- Mr. "I" "ME" and "MY" lead the company's first board meeting and he had nothing but good news about "HIS" company. One big piece of news is that there isn't a major shareholder exodus as was expected. On top of that, the company is in launch and re-launch mode with the all new 120Sports.com and the revamp of SI.com, Fortune.com and Money.com. However, the company did lose some major editorial players with more expected to follow. Bobby Gosh who served as Time magazine's international editor, jumped ship to join 2 yr old business news site Quartz as its managing editor. Fortune’s deputy editor, Stephanie Mehta one of the minds behind Fortune's "Most Powerful Women in Business" issue is also heading for the exit. These exits are not expected to have any major impact on the editorial side but it fuels rumors that many on the editorial side are still skeptical about the new reporting structure which puts editors under business unit heads which sucks! Mr. Ripp believes its the best structure ever though if you remember
from this little interview
