Jessica Vascellaro

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Why Did Time Inc.'s Jack Griffin Get Fired?

Mr. Griffin insisted that every magazine include a masthead in each issue and that his name be on top, bucking a long-standing tradition at the company of leaving it up to individual editors whether or not to run a masthead. The mandatory extra page cost the company about $5 million a year, said a senior executive, noting that the decision came after hundreds of employees were let go in recent years.

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