According to Bertelsmann insiders in Germany, whispering in the NY Times‘s ear, Random House CEO Peter Olson is expected to resign “in the next few weeks,” because “lower profits at Random House and steep losses in its American book clubs” have hurt the bottom line at the parent company, and the leadership “has lost patience.”
PW Daily says similar rumors were floating around London last month, adding Olson’s health and future career plans into the mix. The article adds that, according to a Random House spokesperson, “Olson is maintaining a regular schedule for today and the forseeable future.”