Case closed: AOL chairman steps down
WinInfo | at | by Mike
On Monday, Steve Case announced that was stepping down from his Chairman position at AOL Time Warner, casting further doubts on the future of the troubled company. Case came on board when Time Warner merged with his company, America Online, the leading Internet service provider. However, in the two years since the record-setting merger was consummated, the value of the combined companies has declined over $200 billion, enraging shareholders and board members. Previous to his announcement to step down, Case had faced months of internal pressure at the company, including an abortive attempt by board members to remove him from power last fall.