Time Warner to Get New CEO?

Parsons who is the current head of Time Warner has indicated that he will most likely leave that post by the end of the year. So another of the old guard are leaving the telcom fold. At this rate we might have to start a ‘Dead Pool’ website just to keep up with all the failed careers.

NEW YORK (Reuters) - Time Warner Inc Chairman Richard Parsons said he is likely to step down in the next year, clearing the path for Chief Executive Jeffrey Bewkes to assume the role.

During opening remarks at the media company’s annual shareholders meeting in Atlanta, Parsons told shareholders he would be unlikely to still be its chairman by the time of the 2009 annual meeting.

“This is my last shot at this,” Parsons said. “I will be the outgoing chairman after this year, probably.”

He added: “The company is sound. The problems we had when I became CEO are behind us.”

Time Warner Inc shareholders also approved the company’s slate of 12 directors at its annual meeting, but failed to agree to a proposal to require that the roles of chairman and chief executive be split, according to preliminary results, the company said Friday.

I will only add that the problems in the board room might be solved but the problems to the customer base remain.

Linky.