AOL Helmsman of Merger With Time Warner Resigns

01 November 2005

America Online founder Steve Case on Monday quit the board of Time Warner, the media titan he helped to spawn five years ago,

In the creation of AOL Time Warner, Case was acknowldeged as the principal midwife. The natal process, as he later learned, was the easy bit. From day one the going got progressively tougher as the conflicting cultures of the two camps locked horns.

Three years on - and in the throes of accounting scandals - Case became the most senior casualty of that conflict, prised from the merged group's chair, although remaining a member of its board. Shortly after his ejection, the once-potent initials AOL were ostentatiously dropped from the group's name.

Says Case, who remains one of TW's largest shareholders: "I strongly believe that AOL - once the leading internet company in the world - can return to its past greatness."

Case's departure, he says, is to allow him more time to focus on a healthcare and media investment firm he founded earlier this year, named rather aptly - Revolution.

Data sourced from Financial Times Online; additional content by WARC staff