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If TimeWarner CFO Wayne Pace has any dignity, he should step down

Published: Thursday, June 29, 2006

We are sure Time Warner CFO Wayne Pace isn't the only fat cat media exec paying for expensive sex, but so far he the only one who got caught spoiling Manhattan madam Andrea Schwartz . Yeah Time Warner may have cleared him of using company funds to pay for sex but that doesn't mean things will just go back to normal.

He is now an embarrassing thorn in the company's corporate suite and that's the last thing they need because they are still trying to get over the embarrassment of allowing an internet company to buy them.

"I wouldn't have kept having sex with [Pace] or any of these guys if they weren't paying me," Schwartz said in a statement unveiled yesterday during her arraignment in Manhattan Supreme Court.

"I don't do guys for money anymore," she told cops. "I only do girls."

Schwartz, 31, who pleaded not guilty to prostitution, selling drugs and money laundering, told cops shortly after her arrest that Pace and Voccola were helping pay her bills.

"I got up to $200,000 ... from just one guy, who worked for AOL, in cash, mortgage payments, checks and other things," Schwartz said in an apparent reference to Pace.



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