As expected, Time Warner CEO Parsons to resign
Following weeks of rumors that his ousting was on the way, Time Warner CEO Richard Parsons announced his resignation effective January 1. On Monday, the media giant's board of directors announced that it has elected Jeffrey Bewkes, currently the company's president and chief operating officer, to Parsons' post.
"Dick Parsons has done an outstanding job during his tenure as chief executive officer," said Robert C. Clark, the board's chairman of the nominating and governance committee. "The board is grateful for Dick's exceptional leadership in turning this company around and putting it on a … Read more