If there ever was an example of a classic business school case study showing how, as a billionaire tycoon acquiring a business for mostly sentimental value (Sam Zell), not to hire a CEO for the job (The Chicago Tribune) this is it. Enjoy the story from The New York Times about the life and times of Randy Michaels in Chicago as CEO of The Trib:
In January 2008, soon after the venerable Tribune Company was sold for $8.2 billion, Randy Michaels, a new top executive, ran into several other senior colleagues at the InterContinental Hotel next to the Tribune Tower in Chicago.
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