Management Turnover as Change Agent

Friday, October 26, 2007

CEO Watch - Richard Parsons, Time Warner

Richard Parsons, the well known CEO of Time Warner TWX (NYSE), has been rumored for some time to be considering giving up his position as CEO. According to a story by Dan Sabbagh of the Times UK referring to Parsons stated,
(Parsons) is poised to announce that he will handover the top job at the CNN to Harry Potter conglomerate to longstanding number two Jeff Bewkes.

The announcement of the end of the African-American’s five and a half year tenure could come as soon as next week, after the matter was discussed at a board meeting in London on Wednesday and Thursday of this week.

Technically, no final decision was taken by the board...
Stay tuned for further updates.

Check out:

PaidContent.org
Silicon Alley

1 comment:

Unknown said...

Where is it written that Jeff Bewkes is guaranteed to be the next CEO? If you actually compare his corporate experience to the rest of the Directors at Time Warner, he seems a bit unqualified perhaps http://www.newsvisual.com/newsvisual/2007/10/is-parsons-on-h.html