Stealing Time by Alec Klein

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Summary

When AOL bought Time Warner in 2000 it was not only the largest corporate merger ever but also the much vaunted marriage of new and old media. Just two years later, it was under judicial investigation and four top executives had resigned. This is how the deal of the century became an epic disaster.

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Stealing Time by Alec Klein

When America Online bought Time Warner in 2000, it was not only the largest corporate merger in history but also the much vaunted marriage of new and old media. Questions began, however, on the day the merger was announced. The stock price started a long decline; and the Federal Trade Commission subjected the merger to intense scrutiny. Just two years later, once-triumphant AOL was under investigation by both the Securities and Exchange Commission and the Justic Department. One hundred billion dollars was lost in 2002, and four of the top executives resigned. This is how the deal of the century became an epic disaster.

Alec Klein is a Washington Post reporter who has won numerous awards. Stealing Time: Steve Case, Jerry Levin, and the Collapse of AOL Time Warner, his previous book, was a national bestseller described by The New York Times as a riveting narrative of greed, power, and hubris. He and his wife and daughter live in Washington, D.C.

SKU Unavailable
ISBN 13 9780743247863
ISBN 10 0743247868
Title Stealing Time
Author Alec Klein
Condition Unavailable
Binding Type Hardback
Publisher Simon & Schuster Ltd
Year published 2003-07-07
Number of pages 352
Cover note Book picture is for illustrative purposes only, actual binding, cover or edition may vary.