Randy Falco’s job and the future of AOL hang in the balance as Wall Street and Investors play Jeff Bewkes’s favorite game of wait and see

By SDH AOL has gone through many changes since its name was ripped from the corporate logo and Steve Case called it quits. Jon Miller stuck around as CEO until he was booted for the TV exec Randy Falco and his crazy eyed number two Ron Grant. Now the company leaving Virginia behind for the concrete jungle that is New York City in an effort to stand strong in the ad game, Investors, Wall Street and we’re sure Time Warner’s board is waiting to see what the outcome will be. Under the watchful of the Time Warner COO Jeff Bewkes, the sleepy web giant transformed itself from an outdated dial up business to an open and free ad supported web portal. Both AOL CEO Randy Falco and President Ron Grant have their hands full for 2008. The two must carefully integrate the recently purchased Bebo.com and show investors that their plan is working. If it all this goes you can bet, Wall Street and Investors will be calling for heads to roll and/or a sale.