So far Time Inc. has been relying on little
more than employees' confidence in the future, and perhaps their existing
employment contracts, to keep them in place during an uncertain year. Last
month it let Paul Caine, its chief revenue officer and a well-liked company
veteran, leave to become CEO at the radio syndicator Dial Global. His exit was
a defining moment, employees said, signaling that Time Warner CEO Jeff Bewkes
wasn't going to tie the hands of the new, yet-to-be-identified Time Inc. CEO.
