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Former Time Warner CEO Apologizes for “Worst Deal of the Century” [VIDEO]

lunes, 4 de enero de 2010


Enviado por Rigo a través de Google Reader:


vía Mashable! de Adam Ostrow el 4/01/10

Now that Time Warner and AOL are officially dissolved, those behind the deal – originally valued at $164 billion – are speaking out. This morning, former Time Warner CEO Gerald Levin and AOL co-founder Steve Case discussed the deal on CNBC as we approach its tenth anniversary.

Most newsworthy from the fascinating discussion: Levin apologized for the deal and said he takes sole responsibility for "the pain and suffering and loss" that was caused. The former CEO also encouraged others in the business world – especially those from disgraced financial companies like Citigroup and AIG – to stand up and take responsibility for what they've done.

The full segment, which includes commentary from Case as well, is included below:

Tags: gerald levin, media, steve case, time warner, video


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