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Mark Cuban says he has the solution to growing income inequality, and it's to reward every employee—from CEO to janitor—with company stock

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‘I want to die broke’: Billionaire philanthropist Denny Sanford dies after giving away $4 billion

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'Dr. Doom' Nouriel Roubini says we're headed for universal basic income or 'some form of socialism' as AI revolutionizes work—He calls that optimistic
FeaturesJill Abramson

New York Times replaces top editor Jill Abramson

By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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By
Benjamin Snyder
Benjamin Snyder
Managing Editor
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May 14, 2014, 3:47 PM ET
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FORTUNE — Jill Abramson, the first female executive editor of The New York Times (NYT), is unexpectedly leaving the newspaper, The Times said Wednesday. The paper’s current managing editor, Dean Baquet, will replace her, becoming the first African-American in the newspaper of record’s top spot.

In a statement, Abramson said, “I’ve loved my run at The Times. I got to work with the best journalists in the world doing so much stand-up journalism.”

After the announcement was made to a group of senior editors, the full newsroom was informed of the news at approximately 2:30pm ET.

MORE: Netflix is gobbling up Internet traffic

Abramson was the first female executive editor in the newspaper’s history, replacing Bill Keller in September 2011.

Speaking of Baquet’s appointment, Arthur Sulzberger, Jr., The New York Times’ publisher, said:

“There is no journalist in our newsroom or elsewhere better qualified to take on the responsibilities of executive editor at this time than Dean Baquet. He is an exceptional reporter and editor with impeccable news judgment who enjoys the confidence and support of his colleagues around the world and across the organization.”

About the Author
By Benjamin SnyderManaging Editor
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Benjamin Snyder is Fortune's managing editor, leading operations for the newsroom.

Prior to rejoining Fortune, he was a managing editor at Business Insider and has worked as an editor for Bloomberg, LinkedIn and CNBC, covering leadership stories, sports business, careers and business news. He started his career as a breaking news reporter at Fortune in 2014.

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