Silicon Investor (SI) -- The First Internet Community

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : America On-Line (AOL) -- Ignore unavailable to you. Want to Upgrade?

To: Sly_ who wrote (36772)	1/10/2000 8:38:00 AM
From: Hawkmoon	Respond to of 41369

Who receives more money and stock options? The CEO or the Chairman? And if Chairmen were more powerful they would be the ones who do CNBC interviews, not the CEOs and COOs. He doesn't make decisions as Chairman. He makes suggestions and looks out for the interests of the company's shareholders. So while he may technically outrank Levin, Levin runs the company. (eom)

To: Sly_ who wrote (36772)	1/10/2000 8:40:00 AM
From: John Carragher	Read Replies (1) \| Respond to of 41369

Sly It did when I was working. Many a chairman gave up dual control to an upcoming manager hence he/she wuld get title ceo but the boss was chairman. ceo was getting groomed for chairman when retirement came along. another case would be merger and then ceo would leave after several months when things quited down.

To: Sly_ who wrote (36772)	1/10/2000 9:08:00 AM
From: Rascal	Read Replies (1) \| Respond to of 41369

Sly, you are correct. AOL is in the catbird seat. I was at Manufacturer Hanover when they had a "merger-of-equals" with Chemical Bank. At the time Cehmical's balance sheet was better then MannyHanny's. Chemical was in the catbird set then and the Chemical guys started in the top spots and kept the top spots. Evereyone was "layered-in". Eventually, the Mht people got squeezed between the layers. (Eventually Chemical got "layered" by Chase.) I am not saying this is the case here but it probably is. The reason one says it is a "merger-of-equals" is for political face-saving. Aol was twice the size of TWX yesterday and they still are. Corporations are still hierarchical and make no mistake, being layered between Case and Pittman is face-saving and not a place I would want to be if I thought I was going to weild the power. This is a good exit strategy for Levin because he can show where he took the company and bow out a winner. He's tired. The "telling" point is that the Company is aoltwz NOT twxaol and AOL will be the ticker symbol. This is very symbolic and shows who is in the driver's seat. This positions the company as new media, not old media. Brilliant deal.