Hearst CEO Steps Down

The board cites "irreconcilable policy differences" in the uncharacteristic split with Victor Ganzi. Maybe his tech ventures weren't daring enough

Ever since the chief himself, William Randolph Hearst, ran the media empire, there has always been a very Hearst way of doing things: be conservative, be private, and never acknowledge internal strife. So the announcement on June 18 that Victor Ganzi, only the sixth chief executive officer in Hearst Corp.'s storied history, would be stepping down because of his "irreconcilable differences" with the board of trustees was very un-Hearst-like.

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