Case Bails on Time Warner
AOL co-founder Steve Case says he is leaving the board to focus on his role as chairman and CEO of a health care and resorts investment firm.America Online Inc. co-founder Steve Case said Monday he is resigning from Time Warner Inc.s board of directors. Case, who co-founded America Online in the mid-1980s, later orchestrated AOLs $112 billion merger with Time Warner in January 2001. But as shareholder value plummeted in the wake of the merger, Case, in 2003, stepped down from his role as chairman of Time Warners board but retained a seat on the board.
Case said Monday that he was leaving the board completely to focus on his new role as chairman and CEO of Revolution LLC, a Washington, D.C.-based health care and resorts investment firm he launched in April.