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Random House Closes the Book on CEO

Peter Olson to step down under pressure from German owners

By Rob Quinn,  Newser Staff

Posted May 6, 2008 2:57 AM CDT

(Newser) – Random House chief executive Peter Olson is expected to step down within weeks amid slumping profits and pressure from the company's German owners, the Wall Street Journal reports. Bertelsmann's new boss is dissatisfied with Random House's recent performance and insiders say doubts arose over Olson's...   Read full story »

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