Jeff Bewkes to step down as Time Warner CEO, at least his contract says he can if he doesn’t get the Chairman title
Published: Tuesday, March 25, 2008
MEDIA WIRE DAILYSo Time Warner shareholders and perhaps some board members are pushing for the CEO and Chairman titles to be separate to avoid what they call conflict of interests. However Jeff Bewkes’s contract reportedly states that if he isn’t handed the Chairmanship, to go along with his CEO-ship, he can resign from the company. So if it the vote goes in favor of separating both titles come May 16 at the annual meeting, will Jeff Bewkes leave Time Warner? Not locking down the Chairman title to go with the CEO title may leave Jeff feeling as though he really isn’t calling the shots and may cause him to think about leaving. But he would be stupid to let a little thing like a title drive him to the exit. Where would he go? There are no top spots open at any other major media company so that’s out the door. However one can speculate that this was all designed by the board to get rid of Bewkes in favor of someone else, because he doesn’t know what the hell he is doing. But that’s going off the cliff a little bit. On that not, here is a late poll: Labels: JeffBewkes, Polls, TimeWarner |














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