Ken Auletta

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You have to wonder what the brand new New York Times Magazine editor Jake Silverstein, who was poached from Texas Monthly, must think of Jill Abramson’s abrupt ouster. He was personally courted for the job by the erstwhile Executive Editor, and the two meshed on a vision for the future of the glossy publication at a time when some believe the periodical-within-a-periodical redundant with what the legendary paper has become in the paper-less age. He moved his family thousands of miles to work for the institution and not just Abramson, but it helps to have an ally at the top of the masthead as Hugo Lindgren, his predecessor, learned when he was removed by Abramson after being tapped by Bill Keller. Because of his high level of talent and because the company’s new lead editor, Dean Baquet, was involved in his hiring, Silverstein will likely be fine, but it goes to show you how crazy the business has become, even at the top, in this worried age of technological disruption. If we were living in an era when newspapers were flush and the Times was profitable, it’s hard to imagine this change would have been made. But all bets are off now. The pressure is immense and the patience short. Even formerly plum jobs are pretty much the pits today, just like the rest of them. 

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From Ken Auletta at the New Yorker blog:

“As with any such upheaval, there’s a history behind it. Several weeks ago, I’m told, Abramson discovered that her pay and her pension benefits as both executive editor and, before that, as managing editor were considerably less than the pay and pension benefits of Bill Keller, the male editor whom she replaced in both jobs. ‘She confronted the top brass,’ one close associate said, and this may have fed into the management’s narrative that she was ‘pushy,’ a characterization that, for many, has an inescapably gendered aspect. [Arthur] Sulzberger is known to believe that the Times, as a financially beleaguered newspaper, needed to retreat on some of its generous pay and pension benefits; Abramson had also been at the Times for far fewer years than Keller, having spent much of her career at the Wall Street Journal, accounting for some of the pension disparity. (I was also told by another friend of hers that the pay gap with Keller has since been closed.) But, to women at an institution that was once sued by its female employees for discriminatory practices, the question brings up ugly memories. Whether Abramson was right or wrong, both sides were left unhappy. A third associate told me, ‘She found out that a former deputy managing editor’—a man—’made more money than she did’ while she was managing editor. ‘She had a lawyer make polite inquiries about the pay and pension disparities, which set them off.’

Sulzberger’s frustration with Abramson was growing. She had already clashed with the company’s C.E.O., Mark Thompson, over native advertising and the perceived intrusion of the business side into the newsroom. Publicly, Thompson and Abramson denied that there was any tension between them, as Sulzberger today declared that there was no church-state—that is, business-editorial—conflict at the Times. A politician who made such implausible claims might merit a front-page story in the Times. The two men and Abramson clearly did not get along.”

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From David Carr and Ravi Somaiya at the Times:

“The New York Times dismissed Jill Abramson as executive editor on Wednesday, replacing her with Dean Baquet, the managing editor, in an abrupt change of leadership.

Arthur O. Sulzberger Jr., the publisher of the paper and the chairman of The New York Times Company, told a stunned newsroom that had been quickly assembled that he had made the decision because of ‘an issue with management in the newsroom.’

Ms. Abramson, 60, had been in the job only since September 2011. But people in the company briefed on the situation described serious tension in her relationship with Mr. Sulzberger, who had been hearing concerns from employees that she was polarizing and mercurial. They had disagreements even before she was appointed executive editor, and she had also had clashes with Mr. Baquet.

In recent weeks, people briefed on the situation said, Mr. Baquet had become angered over a decision by Ms. Abramson to try to hire an editor from The Guardian, Janine Gibson, and install her alongside him a co-managing editor position without consulting him. It escalated the conflict between them and rose to the attention of Mr. Sulzberger.”

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In his New Yorker article this week about Leland Stanford’s famed university, Ken Auletta poses a smart question which has largely gone unasked in the whir of excitement over students and teachers cashing in on start-ups: Has the line between Stanford and Silicon Valley been blurred to the detriment of education? An excerpt, in case you haven’t read it yet, about the big money Valley ties of the university’s brilliant president John L. Hennessy:

“Debra Satz, the senior associate dean for Humanities and Arts at Stanford, who teaches ethics and political philosophy, is troubled that Hennessy is handcuffed by his industry ties. This subject has often been discussed by faculty members, she says: ‘My view is that you can’t forbid the activity. Good things come out of it. But it raises dangers.’ Philippe Buc, a historian and a former tenured member of the Stanford faculty, says, ‘He should not be on the Google board. A leader doesn’t have to express what he wants. The staff will be led to pro-Google actions because it anticipates what he wants.’

Hennessy has also invested in such venture-capital firms as Kleiner Perkins, Sequoia Capital, and Foundation Capital—companies that have received investment funds from the university’s endowment board, on which Hennessy sits. In 2007, an article published in the Wall Street Journal—’THE GOLDEN TOUCH OF STANFORD’S PRESIDENT’—highlighted the cozy relationship between Hennessy and Silicon Valley firms. The Journal reported that during the previous five years he had earned forty-three million dollars; a portion of that sum came from investments in firms that also invest Stanford endowment monies. Hennessy flicks aside criticism of those investments, noting that he isn’t actively involved in managing the endowment and likening them to a mutual fund: ‘I’m a limited partner. I couldn’t even tell you what most of these investments were in.’

Perhaps because his position is so seemingly secure, and his assets so considerable, Hennessy rarely appears defensive. He knows that questions about conflicts of interest won’t define his legacy, and they seem less pressing when Stanford is thriving. Facebook’s purchase of Instagram made millions for, among others, Sequoia Capital—which means that it made money for Hennessy and for Stanford’s endowment, too.”

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