Newly-hired Random House chief Daniel Menaker is “charged with preserving the glow of literary prestige around the imprint, which published William Faulkner, Robert Penn Warren, Truman Capote and a long shelf of 20th-century American classics. But to do it he also needs to revive its editors’ flagging morale while proving that he can work well reporting to Ms. Centrello and that he can keep important authors.” Is he really up for the job?