Orange Black and Blue Orange Black and Blue: Report: Magowan To Step Down Friday

Wednesday, May 14, 2008

Report: Magowan To Step Down Friday

From the Chronicle's Matier and Ross:

Magowan ready to exit Giants managerial team

Hard to say but the report intimates that there will not be a big-time owner buying his shares, and instead they will be divvied up, meaning the next managing partner is will likely be an existing shareholder. Bear in mind, although Magowan has been managing partner, he is not the majority shareholder.

One interesting snippet:

Some partners privately complained that Magowan's management style was autocratic - and, indeed, it may have contributed to some early powerhouse investors such as Walter Shorenstein, Don Fisher and Charles Schwab eventually pulling out, observers say.

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