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The eleventh of March, 1987, We're at 870 U.N. Plaza. This is
Jessica Holland for the Columbia Oral History Collection. Will you
state and spell your full name?
Let's start today with--we were in the middle of our discussion
about people that you've known. But I wanted to go back to certain
questions that pertain to your being CEO first and then we'll go back
to the people.
I want to know what you thought perhaps was your biggest, or a
big disappointment as CEO of Time Inc.?
Well, historically Time Inc. had always been run by people
who had a combination of editorial and business know-how. It was
true of Hedley Donovan, myself, Jim Shepley. For reasons about which
I'm not quite clear we didn't train people for top management who had
this combined experience, knowledge and feel. I suppose it was
partly due to the fact that we expanded so, much in the video end.
Therefore we were training people to understand the video business.
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