Gary Pruitt made the list of CEOs who need to return to business school on a blog called 247WallSt.com
Here’s the graph on Pruitt
The list would not be complete without Gary Pruitt of newspaper company McClatchy (MNI). He can't be blamed for the problems in the industry, but he is responsible for doubling down his bet that newspapers would do well by buying Knight-Ridder. His company now sits on over $3 billion in long-term debt. MNI shares are down close to 70% this year compared to peer Gannett (GCI), which is off about 40%.
[Blogger Note: We are being accused of jumping on McClatchy with a vengenance which is probably true since the company dismembered our Knight-Ridder–but items on Pruitt keep cropping up. We keep hoping for more bad stuff on bad guy Sherman who started the whole thing and now has dumped his newspaper stock.]
Click on the headline to read about others.
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