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In His Defense: Why is Dick Parsons' expected departure being played up Merrill Lynch style?

Published: Thursday, November 01, 2007

With the very public firing of Merrill Lynch CEO Stan O'Neal, is the media playing up Time Warner CEO Dick Parsons' planned departure in a negative manner. One article already said that he is being forced out which isn't the case. Parsons has always said that he will hand over the keys at a time of the board's choosing but the transition has already started. Before the whole Merrill Lynch thing, Parsons' pending departure was being put in a different light, reports used to called it a retirement. Did the media forget that his contract is literally up come next year? Now all of a sudden, he is being forced out, and he is the problem, and Jeff Bewkes will save Time Warner etc. lets not forget that Bewkes learned from people like Dick Parsons and will no doubt call on him whenever he needs some seasoned advice. Let the man step down as he is scheduled to do, due to his contract being up, and stop trying to Merrill Lynch a respected and well liked media exec.

Labels: DickParsons, JeffBewkes, MEDIA_LYNCHING, TimeWarner

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