Question of The Day: Did Dick Parsons save Time Warner?
Published: Thursday, April 27, 2006
![]() Dick Parsons is the last man standing from the AOL Time Warner era. He was charged with cleaning up the shit storm the worst merger in history caused. Some $200 Billion in shareholder value was wiped out instantly hitting Ted Turner the hardest almost sending the man to the poor house. Praises have been laid up on Dick for a job well down. Bringing down the companies debt, increasing cash flow and even putting Jeff Bewkes a well liked exec in the co-pilot’s seat. The move the symbolized the companies road to recovery, was when the AOL name was dropped from the corporate name. Dick even managed to fight off corporate shark Carl Icahn. But all this and the stock price is still hovering at or around where it has been for the last couple of years $ 17.33. Is Dick and Co. doing everything right, or is there something they can do better? Labels: JeffBewkes, Question, TedTurner |




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