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

Posted on July 24, 2006
Filed Under 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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