Latest example is the reaction of one McClatchy editor to a visit by Gary Pruitt. It seems Gary Pruitt and some other overpaid McClatchy executives went to Merced to give attaboys and accolades to McClatchy staff there. Sun Star editor Mike Tharp wrote about the experience and offered his opinion about Gary Pruitt:
The visit by our VIPs not only raised our morale. It inspired us to work even harder and smarter... Pruitt, regarded as the smartest newspaper executive in America....Huh? "The smartest newspaper executive in America"??
Dude. Look at Pruitt's actual record. He is the genius who saddled McClatchy with more than $2 billion in debt to buy a print media company (Knight Ridder) in 2006, when print media had already started tanking. Knight Ridder didn't get any other offers while it was for sale, which tells you Pruitt paid way too much. The result of Pruitt's Folly? His company is $2 billion in debt, he has laid off 2,500 employees in the past year, the company share price has dropped 95%, and people are placing odds on whether the company will file bankruptcy this year.
That's not smart. Not even close.
Which goes to show you, some people at McClatchy still think the emperor is wearing fine clothes -- despite his actual record of messing things up.
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