CEO Watch - Richard Parsons, Time Warner Update 2

It's official, Time Warner TWX (NYSE) announced that its Board of Directors has elected Jeffrey L. Bewkes as Chief Executive Officer of Time Warner Inc., effective January 1, 2008. Bewkes currently President and Chief Operating Officer will retain the title of President. Bewkes will succeed Richard D. Parsons as CEO, and Mr. Parsons will remain as Chairman of the Board.

There may be real changes ahead for Time Warner. Stay tuned

For more:

Time Warner Release
LA Times
Times Online UK
Marketwatch
The Register
CNBC

CEO Watch - Richard Parsons, Time Warner Update 1

Reuters today reported that according to a report by CNBC, Richard Parsons will step down as CEO of Time Warner. The report claims Parsons will step down as CEO but remain as Chairman. Jeffrey Bewkes, the chief operating officer would become Parsons' replacement as CEO on January 1, 2008.

We can expect a lot more on this shortly.

For more:

paidcontent.org
CNBC
Wall Street Journal

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.

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