Jon C. Ogg in 24/7 Wall Street:Pruitt led the Knight-Ridder buyout that was completed in June 2006 and this company performance has been utterly dismal ever since.
The last two years have been the darkest period since the late 80's to early 1990's. Just two years ago the stock sat at $60+, now shares are trading with a $13 handle. To add insult to injury, the company is expected to post lower revenues in 2008 versus 2007, and "earnings" are expected to decline as well if you evaluate the First Call earnings projections.
I previously blogged about Gary Pruitt here and here.
