Time Warner Denies Parsons Exit is Next Week; Could Come Later
It can’t be, at least not until Thursday or Friday: Parsons is in India next week for the Fortune Global conference, which is a big stage of TWX, not appropriate to announce his leaving/retirement at that stage, I would assume. Time Warner ( NYSE: TWX ) has denied a Times UK report on it..the report said that CEO Richard Parson plans to announce his exit as early as next week. It said no final decision has been taken by the board, but “some” in the company “believed” an exit is imminent. Of course, it could come right after. Parsons’ contract formally expires in May 2008, but there have been reports that Jeff Bewkes may take over earlier than that, as early as later this year.