Time Warner Denies Parsons Exit is Next Week; Could Come Later
It can’t be, at least not until Thursday or Friday: Parsons is in India next week for the Fortune Global conference, which is a big stage of TWX, not appropriate to announce his leaving/retirement at that stage, I would assume. Time Warner (NYSE: TWX) has denied a Times UK report on it..the report said that CEO Richard Parsons plans to announce his exit as early as next week. It said no final decision has been taken by the board, but “some” in the company “believed” an exit is imminent.
Of course, it could come right after. Parsons
I may be missing some info here, but why does everyone think Jeff Bewkes will automatically be named CEO as soon as Richard Parsons is gone? As far as I know, no official statements have been made annointing him as the successor to Parsons. And when you compare him to the other Directors, Bewkes acutally has a lot less corporate experience http://www.newsvisual.com/newsvisual/2007/10/is-parsons-on-h.html