Word: warners
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...first corporate honcho to choose Vail instead of a corporate showdown. Years ago, N.J. Nicholas Jr., then the co-CEO of Time Warner (TIME's parent company), was vacationing in Vail when he was summoned by the board. Nick was about to become the ex-co-CEO, having lost a power struggle to Gerald Levin, the man who would later sell the company to AOL. (That worked well, didn't it?) Nicholas declined. He knew the game was over. He got on the lift instead. (See pictures of TIME's Wall Street covers...
Richard Parsons is the new face of the struggling, bailout-needy Citigroup. The former CEO of Time Warner Inc. (TIME's parent company) became Citi's Chairman just days after the company announced an $8.3 billion fourth-quarter loss - its fifth quarterly loss in a row - and revealed that it would separate its retail banking business from the risky assets dragging it down. Citi may be taking on water faster than it can dump it out, but Parsons is no stranger to financial struggle. When he took over AOL Time Warner in 2003, the media conglomerate was $27 billion...
...Parsons joined Time Warner as president in 1995, becoming CEO in 2002 - a position he held until 2007. As a member of the company's board since 1991, he was named chairman in 2003 and remained until 2008. Parsons was instrumental in the now defunct AOL-Time Warner merger...
...Never going to happen. If you met him in the last few years of his tenure as CEO of Time Warner, you'd know the reason: he doesn't want to work that hard. Those New York business leaders who are trying to convince him to follow in the footsteps of Michael Bloomberg need to find another horse to ride." -Joe Nocera of the New York Times, July 11, 2008, on the odds of Parsons becoming mayor of New York City...
...East, made a dent in the U.S. market; and in 2005 the movie Bride and Prejudice, starring Bollywood princess Aishwarya Rai, tried unsuccessfully to anglicize the Indian musical. Yet there's been little foreign exchange between the two national cinemas. So far as I know, Chandni Chowk, which Warner Bros. is giving a fairly wide release in the States this week, represents the first A-budget crossbreeding of Bollywood and Hong Kong...