Stefano Tonchi has sued Condé Nast Parent Advance Publications.
Only 48 hours ago Stefano Tonchi was going on a decade as editor in chief of W magazine. Today he’s suing his former publisher.
In his brief complaint, Tonchi argued that he “has not been convicted of a felony or abused his office, or intentionally failed to perform any material duties for which he has been responsible as editor in chief of W or otherwise, or violated any material term of the employment agreement.” Nevertheless, he says Condé claims to have fired him “for cause,” meaning the company did not have to fulfill any termination requirements in his employment contract, like severance.
Tonchi also signed a “closing bonus” when Condé last year and still under the leadership of former chief executive Bob Sauerberg decided to sell W, along with Brides and Golf Digest. That contract purportedly specified that his employment contract “remain unchanged” and Tonchi went about locating potential buyers for W and met with them at the “behest” of Condé and Advance executives.
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