Gawker: Peter Olson

Panic At Random House

Ryan Tate — Wed, 21 May 2008 07:58:07 EDT

The Post's Keith Kelly reports on how the literati at Random House are reacting to their new, German technocrat overlord: with abject terror. "People are panicking and saying it couldn't be worse... On the face of it, it looks like the guy is a complete production bean counter. It doesn't look hopeful that he'll share the romantic idea of literature and publishing." Meanwhile, the Wall Street Journal elicited this tart quote from Bertelsmann CEO Hartmut Ostrowski on the departure of the previous Random House chief, Peter Olson, who recently recovered from a rough bout with pneumonia: "He wanted a new life, and we agreed." Cold.

New Random House Chief To Make Publishing Even Less Sexy

Ryan Tate — Tue, 20 May 2008 05:33:12 EDT

Meet Markus Dohle, the new CEO of Random House. His previous job was retooling Bertelsmann AG's printing plants to repair mobile phones, generate billing statements and warehouse pills. In case that's not unglamorous enough on its own, note that Dohle is following in the footsteps of Peter Olson, who while considered a tough-talking bean counter was also a former lawyer and banker fluent in three languages, not to mention a voracious reader. Dohle seems to want to move beyond the rarefied club of literary publishing into more practical, money-making endeavors; according to the Wall Street Journal, which broke news of his appointment this morning citing anonymous sources, he is interested in expanding education services, among other things. Having turned Bertelsmann's publishing division into a "growth engine" and with no obvious emotional attachment to high-minded writing per se, Dohle should be the ruthless numbers man Olson always fancied himself but could never actually become. [WSJ]

Brutal Publishing Exec Really A Wimp

Nick Denton — Mon, 12 May 2008 10:48:28 EDT

Peter Olson of Random House fixed his reputation in the publishing industry when he displayed a smirking glee at the number of editors he'd fired. (Never let Lynn Hirschberg of the Times follow you around.) However, the outgoing Random House boss may have combined the worst of all management styles: a callous public persona and decision-making weakness. Intelligencer notes that Olson let Random House units bid each other up for hot books. "For all of his tough talk, the proud and cerebral Olson was never a real enforcer."

Previously: Nor did Olson call the shots at home

How 'Best Mommy Of Park Avenue' Secured More Quality Time With Random House Hubby

Nick Denton — Tue, 06 May 2008 17:12:04 EDT

Peter Olson—widely reported to be stepping down from Random House after a debilitating bout of pneumonia—doesn't get much sympathy in the publishing industry. Here's how the publishing giant's chief executive will be remembered: as a money-minded philistine who's fallen victim to the same financial accountability he tried to instill at Bertelsmann's US book producing factory. But there is one endearing angle to Olson's comeuppance: his departure may have been dictated less by Bertelsmann's Teutonic board members than Olson's formidable wife, Candice.

The New York Times reported the 58-year-old Olson had been "distracted and unavailable" since falling ill in November. But the newspaper didn't explain quite why he couldn't be reached. Candice Olson—known as Candice Carpenter when she ran the iVillage website for women—commandeered all his communication devices, according to a friend. After she left the internet business, Candice Olson decided that she wanted to do something else with the rest of her life. ''I personally came to the conclusion that being a C.E.O. is hell,'' she said in an interview. By some combination of poor results at Random House, pneumonia and a domineering wife, Olson has had the same decision made for him.

The Olsons have five children, two adopted from Eastern Europe; and Candice was still attempting another natural pregnancy at the age of 50. This is the couple's first-encounter story. When Candice met the Random House chief executive in 2001 at a party—only three months before marrying—he heard her explain what she was doing after retiring from business. Mrs. Olson recounted to the New York Times: "I said I was trying to be the best mommy on Park Avenue. That's what captured Peter's attention.'' So the clichéd explanation for so many corporate exits—the desire to spend more time with one's family—may actually hold true in this instance.

But that's quite enough generosity for the departing executive, who acknowledged himself that he was a "pariah" in the literary reaches of the publishing industry. His critics remembered smirking relish with which he fired Ann Godoff and other editors who viewed publishing as an art rather than a business. Wandering around a book fair at the time, he told an interviewer: ''I recognize hundreds of people here. Many of them worked for me. Many of them I fired personally.'' He did not seem upset by this; in fact, he seemed amused, observed the Times' Lynn Hirschberg ''I fired him,'' Olson said as two men passed by. ''There are so many people here that I've fired that we could have a reunion.''

Ousted Random House Publisher Short Of Own Yardstick

Ryan Tate — Tue, 06 May 2008 07:10:52 EDT

Despite his illness, it sounds like there was some schadenfreude surrounding the departure of Peter Olson: "Olson may be best remembered in the publishing industry for abruptly dismissing the president of the Random House Trade Group, Ann Godoff, in 2003. He said in a news release that she ran the only unit 'to consistently fall short of their profitability targets.' Now, Mr. Olson appears to have fallen victim to that same bottom-line calculus." [Times]

Olson Out

Nick Denton — Mon, 05 May 2008 14:37:32 EDT

Random House chief Peter Olson will step down in the next few weeks, according to an unsourced report posted to the New York Times website. An illness—said by Publishers Weekly to be double pneumonia—had left the publishing exec "distracted and unavailable" for months. Olson, who has five children including two adopted from Eastern Europe, married the founder of the iVillage website for women, Candice Carpenter, in 2001. (One tipster says his forceful wife refused to allow contact by Random House's German owners while Olson was sick.)

Random House president fired

Gawker — Mon, 20 Jan 2003 09:30:29 EST

Ann Godoff, president of Bertelsmann's Random House division, was fired Thursday for failing to meet profitability goals and the details are just coming out. Her division generated more best-sellers than any other, but the group's net income of $2 million was $4 million short of CEO Peter Olson's target. It didn't help that Godoff had alienated key executives and had no staunch defenders among the other division heads.
Searching for motives in Random House ouster [NYT]