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Strategies & Market Trends : Groundhog Day -- Ignore unavailable to you. Want to Upgrade?

To: Jorj X Mckie who wrote (3117)	5/3/2002 5:43:04 PM
From: Challo Jeregy	Read Replies (2) \| Respond to of 6346

hey, want to invest in a company who's CEO reports to God? Incoming AOL Time Warner (nyse: AOL - news - people ) Chief Executive Richard Parsons has visions. He said he plans to simplify the structure of the media giant when he takes over at the end of this month, and is considering several options, including a public offering of its cable systems. The CEO-elect also discussed ending a venture with AT&T (nyse: T - news - people ) that involves Warner Bros. studios, HBO and some of AOL's cable systems. Parsons added he was still in talks with the Newhouse family about restructuring a cable deal involving 2.3 million subscribers. In response to questions about his relationship with Chairman Steve Case, who is said to be transfixed with the company's long-term mission, rather than day-to-day details, Parsons maintained the relationship works. "Steve is a partner and Bob Pittman is a partner, but ultimately [the strategy] has to be something the CEO can embrace and drive," Parsons said. "I report to the board and Steve is the chairman and Steve reports to God." forbes.com

To: Jorj X Mckie who wrote (3117)	5/3/2002 6:10:36 PM
From: Peach	Read Replies (1) \| Respond to of 6346

don't knock a bag of reds