{"id":139216,"date":"2010-01-05T06:09:08","date_gmt":"2010-01-05T11:09:08","guid":{"rendered":"http:\/\/www.stoth.com\/2010\/01\/05\/steve-case-and-jerry-levin-look-on-our-works-ye-mighty-and-despair-about-the-aol-time-warner-merger-that-is-a-decade-later-boomtown\/"},"modified":"2010-01-05T06:09:08","modified_gmt":"2010-01-05T11:09:08","slug":"steve-case-and-jerry-levin-look-on-our-works-ye-mighty-and-despair-about-the-aol-time-warner-merger-that-is-a-decade-later-boomtown","status":"publish","type":"post","link":"https:\/\/mereja.media\/index\/139216","title":{"rendered":"Steve Case and Jerry Levin: Look on Our Works, Ye Mighty and Despair (About the AOL-Time Warner Merger, That Is, a Decade Later) [BoomTown]"},"content":{"rendered":"<p><\/p>\n<p><a href=\"http:\/\/kara.allthingsd.com\/files\/2010\/01\/1101000124_400.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/4e15a_1101000124_400-227x300.jpg\" alt=\"1101000124_400\" width=\"227\" height=\"300\" class=\"alignright size-medium wp-image-22606\" \/><\/a><\/p>\n<p>Since both former AOL CEO Steve Case and former Time Warner CEO Jerry Levin played such conflicting roles in my 2003 book&#8211;<a href=\"http:\/\/www.amazon.com\/There-Must-Pony-Here-Somewhere\/dp\/1400049636\">&#8220;There Must Be a Pony in Here Somewhere<\/a>: The AOL-Time Warner Debacle and the Quest for a Digital Future&#8221;&#8211;it was odd to see the pair of them together on the same television set yesterday morning on CNBC.<\/p>\n<p>But there they were&#8211;both looking very fit, I might add&#8211;with Case as a guest co-host and Levin as his more peaceful self.<\/p>\n<p>They were there to jawbone about the disaster that was the AOL-Time Warner merger on the cable network, on the occasion of the deal&#8217;s 10th anniversary, since CNBC is airing a piece tomorrow night called &#8220;Marriage from Hell: The Breakup of AOL Time Warner.&#8221; <\/p>\n<p>Actually, that purple title underplays just how bad it got for the doomed union.<\/p>\n<p><a href=\"http:\/\/kara.allthingsd.com\/files\/2010\/01\/1742897.jpg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/fcede_1742897-250x188.jpg\" alt=\"1742897\" width=\"250\" height=\"188\" class=\"alignleft size-medium wp-image-22607\" \/><\/a><\/p>\n<p>In fact, except for the first crazy hug when the mega-deal was announced in January of 2000, the time they served as the combined company&#8217;s Chairman (Case) and CEO (Levin) was pretty much fraught and the tensions between the pair intense. <\/p>\n<p>Today, though, it is apparently sweetness and light between them, especially according to Levin, who has moved far away from his cerebral, New York, slick corporate-shark mode&#8211;which was very much in evidence when I first met him&#8211;to a man who now helps troubled high achievers find their inner happiness in Southern California at a holistic clinic called <a href=\"http:\/\/moonviewsanctuary.com\/\">Moonview Sanctuary<\/a>.<\/p>\n<p>(I saw that unusual transformation up close too, spurred by the delayed impact of the tragic murder of his son, which came just as Levin was ousted.)<\/p>\n<p>In fact, the now more heartfelt Levin even called the merger &#8220;some kind of transcendent concept,&#8221; although he quickly acknowledged that &#8220;I presided over the worst deal of the century, apparently.&#8221;<\/p>\n<p>Levin did, so he quickly apologized for the whole mess. &#8220;I&#8217;m really very sorry about the pain and suffering and loss that was caused,&#8221; he said, although some at the both companies still don&#8217;t believe him to this day.<\/p>\n<p>Levin used that feel-good terminology to describe the merger&#8217;s failure: &#8220;Even though the stock was up at the time, there was a lot of tension, and I didn&#8217;t deal with the psychology with enough compassion. It&#8217;s a little hard to exercise compassion, connection, and love when the market is very unforgiving as it was at that time.&#8221;<\/p>\n<p>And, without even a raised eyebrow, Case&#8211;who has never changed his calm, aloof mode, since I first met him in the early 1990s in the Washington, D.C. area&#8211;backed Levin up about the lack of exection in the deal.<\/p>\n<p>Now, of course, AOL (AOL) has <a href=\"http:\/\/kara.allthingsd.com\/20091209\/boomtown-visits-aols-nyc-hq-on-eve-of-spin-off-ceo-armstrongs-fabulous-cheekbones-and-more\">just been spun out<\/a> from Time Warner (TWX) and what the pair wrought is almost completely gone.<\/p>\n<p><a href=\"http:\/\/kara.allthingsd.com\/files\/2010\/01\/ozymandias-2.GIF.jpeg\"><img loading=\"lazy\" decoding=\"async\" src=\"http:\/\/www.stoth.com\/wp-content\/plugins\/wp-o-matic\/cache\/fcede_ozymandias-2.GIF-250x172.jpg\" alt=\"ozymandias-2.GIF\" width=\"250\" height=\"172\" class=\"alignright size-medium wp-image-22608\" \/><\/a><\/p>\n<p>Or, as Percy Bysshe Shelley wrote about the &#8220;Look on my works, ye mighty and despair&#8221; statue of the great ruler Ozymandias: &#8220;Nothing beside remains. Round the decay of that colossal wreck, boundless and bare, the lone and level sands stretch far away.&#8221;<\/p>\n<p>Well, at least Case and Levin are still standing and this is actually a very worthwhile interview with them to watch, lasting just over 22 minutes.<\/p>\n<p>What&#8217;s perhaps most interesting is that the now-bearded Levin, for all the hippyish bromides&#8211;such as &#8220;Management is a humanist art&#8221;&#8211;is still as sharp as a tack in many ways, with some pretty decent observations about Web and its players for all his supposed beachy abandonment of it.<\/p>\n<p>Check out the video:<\/p>\n<\/p>\n<p>Buy This Item: <a class=\"buy\" href=\"http:\/\/www.stoth.com\/buy.php\" ><span style=\"color: #33bc03\">[Click here to buy this item]<\/span><\/a><\/p>\n<p><a href=\"http:\/\/kara.allthingsd.com\/20100105\/steve-case-and-jerry-levin-look-on-our-works-ye-mighty-and-despair-about-the-aol-time-warner-merger-that-is\/?mod=ATD_rss\" >Read Original Article<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Since both former AOL CEO Steve Case and former Time Warner CEO Jerry Levin played such conflicting roles in my 2003 book&#8211;&#8220;There Must Be a Pony in Here Somewhere: The AOL-Time Warner Debacle and the Quest for a Digital Future&#8221;&#8211;it was odd to see the pair of them together on the same television set yesterday [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7],"tags":[],"class_list":["post-139216","post","type-post","status-publish","format-standard","hentry","category-news"],"_links":{"self":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/139216","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/comments?post=139216"}],"version-history":[{"count":0,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/posts\/139216\/revisions"}],"wp:attachment":[{"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/media?parent=139216"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/categories?post=139216"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mereja.media\/index\/wp-json\/wp\/v2\/tags?post=139216"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}