Earlier quoted context omitted.
No, as Time magazine itself puts it: it is a person that "for better or worse [my emphasis added], has most influenced events in the preceding year."
You're clutching at straws by denying my assertion above. Wiki: Controversial choices: Despite the magazine's frequent statements to the contrary, the designation is often regarded as an honor, and spoken of as an award or prize, simply based on many previous selections of admirable people.[9]
Indeed, as your wiki citation notes, “Despite the magazine's frequent statements to the contrary...”, so such interpretations as your own are mistaken.