Parsons' Negative Worth Poor Dick Parsons could never live down that AOL deal of seven years ago. The chief executive of Time-Warner Communications made the expected announcement late in the afternoon of Nov. 5 that he would resign effective Jan. 1, to be replaced by Time-Warner Chief Operating Officer Jeffrey Bewkes. Silicon Alley Insider quipped that Parsons was worth negative $1.5 billion to T-W.	Loring Wirbel Communications Editor
Maybe the AOL merger was dumb. Maybe Parsons didn't make the most of Time-Warner, CNN, and AOL assets over the intervening seven years. But come on, how can investors be so hard on a company that has assets in cable networks, broadcast networks, content-based social networks, and facilities-based transport networks? Particularly when Microsoft claims that little snotty Mark Zuckerberg and his already-dated Facebook network is worth $15 billion. That's ten times in the black what Parsons is worth in the red! I can hardly wait to read Dick Parsons' memoirs. Posted by Loring Wirbel on Nov 5, 2007 05:26 PM in Communications

This is a public forum. United Business Media and its affiliates are not responsible for and do not control what is posted herein. United Business Media makes no warranties or guarantees concerning any advice dispensed by its staff members or readers.

Community standards in this comment area do not permit hate language, excessive profanity, or other patently offensive language. Please be aware that all information posted to this comment area becomes the property of United Business Media and may be edited and republished in print or electronic format as outlined in United Business Media Terms of Service.

Important Note: This comment area is NOT intended for commercial messages or solicitations of business.