In February 2005, Bailey left "Crain's" after just 15 months in the job, telling his colleagues that he and the paper's publisher, David Blake, "did not get along well enough to be a team." During Bailey's time at the helm, more than a half dozen veteran staffers left the paper, including Steven Strahler (who subsequently remained with the paper as a contract writer—a position he holds to this day) and Jeff Borden. Bailey was replaced by the paper's longtime managing editor, Joseph B. Cahill. Cahill remained editor until 2011, when he stepped down to become a general business columnist for "Crain's". He is now a "Crain's" blogger and columnist.