A Rudderless Ship at The Weather Channel
Although based in Atlanta, we rely on something called the PE Week Wire to stay updated on local happenings at The Weather Channel. Here’s the latest story on CEO excessiveness: Link to article.
NBC, after acquiring The Weather Channel with a private equity consortium, has left the network without solid leadership. Deborah Wilson, the longtime CEO, stepped down and handed over the reins to interim help. Now, there’s a leadership void, and the effects are starting to show.
From Leadership Void to CEO Demands
From missing live storm coverage to struggling with the harshest business climate in history, The Weather Channel is rapidly becoming a rudderless ship. Now, a former network executive is demanding private flying privileges to take the top job. Can we just say—completely out of touch?
Where’s the Accountability?
Where is the board? Better yet, is there even a functioning board to hold management accountable for these decisions? The bigger issue here is that this story didn’t even make it into local coverage from the Atlanta Journal & Constitution. Why? They’ve restructured, merged business coverage into another section, and launched a flashy new ad campaign. If only we could say that’s going to lead to more accountability for shady dealings like the one outlined here.