24Jul

AOL founder says he is ‘sorry’ for Time Warner merger

Posted by Jeff as People

Steve Case says he’s sorry… is promptly sent to his room with no dinner.

AOL founder says he is ‘sorry’ for Time Warner merger | Tech&Sci | Internet | Reuters.com:

In an interview broadcast on Friday, Case, who was shoved aside as chairman in 2003 and who left the board entirely in 2005, said, “Yes, I’m sorry I did it,” referring to the 2001 merger of Time Warner and AOL. The deal, known as one of the worst corporate mergers in history, destroyed some $200 billion in shareholder value.

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