Case Is Stepping Down at AOL (TechNews.com). Steve Case, the embattled, visionary founder of America Online, resigned under pressure as chairman of AOL Time Warner Inc. last night, saying he would "love" to remain in the job but that his presence atop the world's biggest media company had become a damaging "distraction." [Daypop Top News Stories]
It always seems sad to me when the founder of a company becomes a liability to that company. Well, it might make sense that failed businesses often have their leaders as a liability. But companies like AOL are on the list of success stories in terms of growth and lasting prosperity. (Don't ask me how they're doing on Wall Street. I don't follow that stuff too closely.)
I remember the feeling I had watching Spiderman (I know, cheezy, right?) when Mr. Osborne of OsCorp was told to pack up his things and go by the board of directors. My reaction was similar to Osborne's--what?? I built this company!!
So, farewell to another founder. Enjoy your retirement. You deserve it.
8:35:04 PM 
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