Case Makes case!
I was working with Time Warner during the merger with AOL and although I was shocked by the initial news, I did believe that the combination of the two company’s made great sense. This of course was years ago, when my 401K was worth something and I could have considered retirement at a reasonable age! Yesterday in an essay published in The Washington Post, my illustrious ex-leader Steve Case argues for the breakup of Time Warner, suggesting that its cable; print, film production and AOL units would perform better as stand-alone companies. Case believes the AOL-Time Warner merger failed in large part due to concessions made to the sprawling corporate divisions, which prevented company leaders from exploiting synergies in the combined company.
Maybe he has a point! Read – “It’s time to Take it Apart.” From The Washington Post Dec 11, 2005.