Term Paper: Business: The Dark Side

Pages: 8 (2210 words)  ·  Bibliography Sources: 1+  ·  Level: College Senior  ·  Topic: Business  ·  Buy This Paper

SAMPLE EXCERPT:

[. . .] It's one thing for a mouse to gain ten percent of its weight, but it's another thing for an elephant to gain ten percent of its weight."

3. "On July 18, 2002, the day of the AOL Time Warner board meeting, all hell broke loose" (p.291).

You - a former TW shareholder, then an AOLTW shareholder - are invited to this Board meeting. It's your chance to say what you think - after all, it's your money they've been playing with. For the occasion, Jerry Levin, Steve Case, and Bob Pittman are also attending. What would you say to each of these three (former) execs? And to the Board, as a whole or singling out individual directors (if applicable, applaud specific directors that took the 'right' positions but were drowned out?)

Everybody wants to make more money, that's what the stock market is all about. But nobody wants to lose any money either...especially not a lot of it. I invested in Tine Warner because it was a good, strong, safe investment, and you guys just stole my money and put it into a fly-by-night adventure. Does it really make sense to you that a company with virtually no physical product would become worth so much overnight? The stock market was going up like crazy! You've been in business forever. You should have known that that couldn't last forever. Ever hear of the Stock Market Crash, or the big crash in the '80s under Reagan? A company has to have something behind it. Didn't you think it was a little strange that AOL - whose income was one third of yours - was valued at over fifty percent more? Not to mention the fact that AOL-Time Warner lost thirty billion dollars the day the merger became final.

And didn't any of you guys look into the totally different set up of each of these companies. AOL is a new company and it does one thing, and one thing only. Time's been around forever, and does everything - especially since you merged with Warner Brothers. What did this Steve Case know about running a media empire? He was an Internet guru, not a publisher, not a movie maker, not a network TV exec. Plus, he started playing around with everything, pissing off all of the employees. You don't suddenly change people's benefits package and take away their pension, or whatever it was he was trying to do. And what was this those crazy accounting practices? What were you trying to hide? Did you think the shareholders would never find out? My stock was worth almost two hundred dollars a share before this thing started, and now what do I have...a bunch of AOL-Time Warner stock that's worth less than twelve dollars a piece. The best decision you've made this whole time is to except Pittman's resignation. The guy was a crook. Maybe now you can go back to the way you used to do stuff...the way that made sense because it worked for time for eighty years!

Works Cited

http://www.questia.com/PM.qst?action=openPageViewer&docId=5000089804

Houston, Frank. "AOL/TW SPELLS BIG." Columbia Journalism Review July 2001: 22.

Glanz, William "America Online to buy Time Warner," The Washington Times 11 Jan. 2000: 1.

Klein, Alec. Stealing Time: The Collapse of AOL-Time Warner. New York: Simon and Schuster, 2003. http://www.questia.com/PM.qst?action=openPageViewer&docId=85927102

Wall, Stephen J., and Shannon Rye Wall. The Morning After: Making Corporate Mergers Work after the Deal Is Sealed. Cambridge, MA: Perseus Publishing, 2000.

Viennese Culture and History," Actilingua Academy, Vienna, Austria: Language Studies GmbH, 2003. URL:

http://www.actilingua.com/AboutVienna/history/habsburg.htm.

A www.questia.com/PM.qst?action=openPageViewer&docId=85927171

Stephen J. Wall and Shannon Rye Wall, The Morning After: Making Corporate Mergers Work after the Deal Is Sealed (Cambridge, MA: Perseus Publishing, 2000) 54.

A www.questia.com/PM.qst?action=openPageViewer&docId=5001128687

William Glanz, "America Online to buy Time Warner," The Washington Times 11 Jan. 2000: 1.

A www.questia.com/PM.qst?action=openPageViewer&docId=5000089804

Frank Houston, "AOL/TW SPELLS BIG," Columbia Journalism Review July 2001: 22. http://www.questia.com/PM.qst?action=openPageViewer&docId=5001128687

William Glanz, "America Online to buy Time Warner," The Washington Times 11 Jan. 2000: 1.

A www.questia.com/PM.qst?action=openPageViewer&docId=5000089804

Frank Houston, "AOL/TW SPELLS BIG," Columbia Journalism Review July 2001: 22. [END OF PREVIEW]

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