Steve Case, the man who built AOL, has quit the board of parent firm Time Warner, reports today's Guardian:
Mr Case was an architect of the merger in 2000 between AOL and Time Warner at the peak of the internet-driven stock market boom. He had been regarded on Wall Street as a visionary for building one of the biggest brands in the emerging digital media sector. However, attitudes changed swiftly as the AOL business began nosediving shortly after the merger, taking the company's share price with it. He stood down as chairman of the company, then called AOL Time Warner, under pressure from angry investors in January 2003.
Other important people behind the deal including former Time Warner chief Gerald Levin and Bob Pittman, a former senior AOL executive, had already gone.
