"Craig Dubow is like a corporate deer
caught in the headlights."
-- Anonymous@3:47 p.m., writing about why it's time for Chairman and CEO Craig Dubow to do the right thing and resign. "This is not said with anger, nor because I'm on furlough,'' the author writes. "Whether it is his fault or not, with power comes responsibility. And the responsible thing to do is to step down."
Yes and please take the rest of the clowns with you!!! In addition, maybe you would do the right thing and return the bonus money each of you so 'humbly' accepted.
ReplyDeleteTo SOS and 4:30 p.m. ...
ReplyDeleteHear! Hear!
I agree with your post Jim. I am in a management role and have seen this company spiral downward as soon as Dubow took over in 2005.
ReplyDeleteHe is so lost and clueless. It is sad to see someone lack self awareness.
Mr. Dubow, you know who I am, and I am telling you to resign for the good of the company.
I agree and no golden parachute!!!! Take "The Knife" with you when you go
ReplyDeleteI was part of an outside consulting company that did a job for Gannett three years ago. When Dubow entered the room, I thought he was a lower-level manager. When he was introduced as CEO, I was flabbergasted.
ReplyDeleteWell, now, in all fairness: He didn't do this job of tearing the company down all on his own. As the first poster said and I couldn't agree more: take the rest of the clowns with you!
ReplyDeleteWe've more than enough of them at headquarters that don't pull their load and only survive because they cozy up to upper management. And are these not the people that are hired for the exact purpose to deliver ideas that still haven't arrived after so many lay-offs, furloughs etc.?
But, alas, the bonus was pocketed anyway, right? If we are checking on Dubow's and Martore's bonus, why not focus on these weasels raking in the dough and doing nothing? Oh, I forgot: The favorites are playing the game they know best: sounding important and saying nothing!
Dubow is VERY sad.... He will not do the right thing- he never has... he's got no ideas and he has no balls. And unfortunately he is very symbolic of what is wrong with this company. ( can you say no clue, leadership or direction?) So maybe he is a perfect fit for Gannett as they spiral into oblivion!
ReplyDeleteOK. Let's be logical about this (if there is any logic to be had).
ReplyDeleteThe stock has crashed. I can't get excited about a rebound from $1.95 to $2.50. Sorry. No true fundamentals. And massive cost cutting without a provable counter strategy for growth is the total road to hell.
If the board wanted Dubow gone, don't you think that would have happened before the stock lost more than 90 percent of its value?
The question at hand is why?
It isn't very likely that Gannett is going to make a breakthrough that will raise it back to the $90 range, at least not in the reachable future.
So what's in it for a low stock price and a silent board?
The answer is simple. Dubow must be the 2009 equivalent of New Coke, and the board likes the taste. Go figure.
I also think that Big Bill Albrecht at the St Cloud Times in MN needs to either be fired or hang it up and move on. He is not doing anything good for the paper in st cloud. It will be broke or sold in a year. He purchased a shopper called the wright way and has run that to almost exstiction.
ReplyDeleteGannett needs to pull all company cars and get rid of them. They need to get rid of mileage and cell phone expenses.
Hear, hear 10:36!!!!!!!!!
ReplyDeleteRemember the movie "Hudsucker Proxy"? That might be Gannett's plan
ReplyDeleteWhy would he resign when we pay him for incompetence? If I was geting paid for not doing 97%of my job I would be esstatic with smiles!!!!!!!
ReplyDeleteI remember that movie all too well. The board installs a moronic mail room clerk as CEO in order to drive down the stock price so they can do a management buyout of the company at a rock-bottom price. It's genius. Doesn't Dubow look like Tim Robbins with that deer-in-the-headlights look everytime he has to make a decision?
ReplyDeleteRewarding failure should not be the main job of Gannett's out-of-touch board. Protecting shareholder interests is their prime responsibility. If these people were caretakers of your familyinstead of your company, how would you feel? Completely dysfunctional? Betrayed? Lied to? Ignored? All of the above? It just amazes me that Dubow & Co. can come to work every day and be so oblivious and finger-point the blame on the economy. The only thing worse about this is that the board of directors has allowed this to go on for the past four years.
ReplyDeleteIt is amazing the arrogance of the Executive team at Gannett. I have been with the Arizona Republic a long time prior to the GCI buyout and have watched a vibrant, relevant, and award winning newspaper turned into a disaster area for customers, employees and readers. The "Gannett" management style has only one objective, feed yes answers to the top and send the profits to Virgina.
ReplyDeleteIt has taken 7 years of "inspired" leadership to take a profitable operation from the buyout peak they paid for to a barely functioning entity.
Our local leadership has no idea how to plan past the next budget cycle and refuses to try and give insight to Corporate because of the fear of losing thier jobs.
I believe that most Gannett properties could still survive alone if they didn't have the ball and chain from Corporate.
The Exec's group at Corporate should take the "pirate booty" they haven't earned and get out now. The BOD should all be given pink slips for failure to protect anyone but themselves and let the papers move on.
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