07.05.06
Stealing Time: Post-Read Follow-Up
I finished Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner so I figured I should write a follow-up to my initial thoughts when I first sat down with it.
I suppose that my personal opinion that the failure of the merger was the result of being unable to realize the promised synergies was indeed backed up by the book. On the other hand, there were additional factors that I wasn’t as familiar with. The personalities involved probably made the deal unworkable from the beginning.
And if the book is to be believed, there were major accounting and ethics problems at AOL which also likely doomed the deal from the beginning. So, as in all great catastrophes, it was a confluence of factors.
As far as the book goes, it was a good read - I’d reccomend it.
Tags: AOL, Time Warner
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July 16, 2006 at 3:36 pm
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