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Facts. Time Inc. and Warner Communications were planning to merge. Time wished to get more into the television business with its HBO channel, and wanted Warner Communications's help. Then, Paramount made an offer to all the shareholders of $200 per share (up from an initial $175). Time shares had been trading at $120.
A staggered board of directors or classified board is a prominent practice in US corporate law governing the board of directors of a company, corporation, or other organization, in which only a fraction (often one third) of the members of the board of directors is elected each time instead of en masse (where all directors have one-year terms).
A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency . The powers, duties, and responsibilities of a board of directors are determined by government regulations (including the jurisdiction's corporate law) and the organization's own constitution and by-laws ...
America Online CEO Stephen M. Case, left, and Time Warner CEO Gerald M. Levin listen to senators' opening statements during a hearing before the Senate Judiciary Committee on the merger of the two ...
Two executives for the media company Advance, who also serve as directors of Charter Communications, will leave the Warner Bros. Discovery board. Two Warner Bros. Discovery board members step down ...
Sources close to AOL tell us that the board of directors will make a final decision on the AOL spinoff at a board meeting this Thursday, May 28, possibly undoing the $147 billion 2001 merger of ...
AT&T has sealed the deal to buy Time Warner in a major piece of media and technology consolidation. The deal — which is $85.4 billion and a total of $108 billion with debt — was first ...
April 4, 1948 (age 76) New York City, U.S. Education. University of Hawaii, Manoa ( BA) Albany Law School ( JD) Richard Dean Parsons (born April 4, 1948), an American business executive, is the former chairman of Citigroup and the former chairman and CEO of Time Warner. He stepped down as CEO of Time Warner on December 31, 2007. [1]