NEW YORK (Reuters) - Steve Case, the founder of AOL, Monday said he has resigned from the board of Time Warner Inc. ending a painful chapter in the history of the world's largest media company.
Going off to fcuk up another company I see.
Case was one of the original architects of the merger of AOL and Time Warner (Research), which helped erase more than $200 billion in shareholder value from the stock.
"On behalf of Time Warner's Board of Directors and senior management team, I thank Steve Case for his years of distinguished service to our company," said Time Warner Chairman and Chief Executive Officer Dick Parsons in a statement. "As Steve is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward. He will be missed."
In a statement, Case said he was leaving to devote more time to his new company, Revolution.
Time Warner is the parent company of CNN/Money.
Going off to fcuk up another company I see.
Case was one of the original architects of the merger of AOL and Time Warner (Research), which helped erase more than $200 billion in shareholder value from the stock.
"On behalf of Time Warner's Board of Directors and senior management team, I thank Steve Case for his years of distinguished service to our company," said Time Warner Chairman and Chief Executive Officer Dick Parsons in a statement. "As Steve is one of our major individual shareholders, we'll look forward to his wise counsel as the company continues to move forward. He will be missed."
In a statement, Case said he was leaving to devote more time to his new company, Revolution.
Time Warner is the parent company of CNN/Money.
