Word: pittman
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...which struck back hard. Having tumbled from a high of $56.60, the price of AOL Time Warner's widely held stock stood at $14.81 at the end of last week, representing an almost $200 billion collapse of shareholder wealth. Levin was forced out. So was chief operating officer Bob Pittman, who had come from AOL. And now goes Case himself...
...first, I thought it was in poor taste,” said Marvin C. Pittman ’02. “I was glad it didn’t end up going that...
While the show was airing, Pittman e-mailed the Black Men’s Forum list to ask, “Is anyone watching this right...
Earlier this year, when the depth of the AOL division's problems became apparent and its CEO was eased out, Bewkes and Logan were asked in turn to leave their divisions and take over the online service, reporting to Pittman. Both declined. In their new jobs, Bewkes and Logan will work closely together on such issues as selling more movies and music over cable and through AOL--the type of bottom-up synergy that they and Parsons believe makes sense and that is more likely to work when the executives involved like and respect each other...
...decade veteran of HBO, Bewkes, who holds an M.B.A. from Stanford, works as successfully with creative types as with number crunchers. He and Warner Bros. CEO Barry Meyer have become especially close, since both resisted Pittman's attempts to centrally manage their divisions. Bewkes is not as close, however, with his new subordinate Jamie Kellner, CEO of Turner Broadcasting, who was seen as a Pittman ally. Bewkes led HBO to develop such hits as The Sopranos, Sex and the City and Six Feet Under and saw it collect 93 Emmy nominations last week. Warner Bros. is enjoying a successful...