With Case out, Parsons seen as likely chairman
With Steve Case set to leave as chairman of AOL Time Warner in May, industry observers said Monday that CEO Richard Parsons was the front-runner to further consolidate his power base and take on the additional chairman title. However, with Case gone as a scapegoat for investor gripes, Parsons must produce proof of a turnaround at the ailing America Online unit or else risk becoming a target for angry investors, they said. “He’s now the man in charge with no one to blame,” said Hal Vogel, head of media investment firm Vogel Capital Management. “He’ll get to take the praise… Read more »