How are the mighty fallen: Steve Case dumped
“Stephen M. Case, the former chief executive of America Online who engineered its acquisition of Time Warner, resigned tonight as chairman of the combined company, AOL Time Warner, bowing to shareholder anger over the disappointing results of the merger. He will remain as a board member.
Mr. Case’s sudden resignation is the culmination of an 18-year rise on the crest of the Internet boom that took him from founding an obscure start-up betting on the future of an unknown medium to becoming the top executive of the world’s largest media company. Now he becomes the latest media empire builder to resign from the helm of a communications conglomerate, following the departures of Jean-Marie Messier from the chairmanship of Vivendi Universal and Thomas Middelhoff from the top job at Bertelsmann. ”