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Topic: Legal

AOL names its Board of Directors

Summary: AOL, which is expected to be spun off from Time Warner as an independent company later this year, has named the members of its Board of Directors, who will join CEO and Chairman Tim Armstrong at the table. They are:Richard Dalzell, former Chief Information Officer of Amazon.

Sam Diaz

By Sam Diaz for Between the Lines |

AOL, which is expected to be spun off from Time Warner as an independent company later this year, has named the members of its Board of Directors, who will join CEO and Chairman Tim Armstrong at the table. They are:

  • Richard Dalzell, former Chief Information Officer of Amazon.
  • Karen Dykstra, a partner at Plainfield Asset Management LLC and Chief Operating Officer and Chief Financial Officer of Plainfield Direct Inc.
  • Bill Hambrecht, founder, chairman and CEO of WR Hambrecht + CP, a financial services firm, and a board member of Motorola.
  • Patricia Mitchell, president and CEO of The Paley Center for Media, a non-profit group, and board member of Sun Microsystems.
  • Michael Powell, former chairman of the Federal Communications Commission and board member of Cisco Systems.
  • Fredric Reynolds, retired Chief Financial Officer for CBS Corp.
  • James Stengel, president and CEO of The Jim Stengel Company, LLC, a think tank and consulting firm, and board member of Motorola.
  • James Wiatt, an independent consultant and former chairman and CEO of the William Morris Agency.

In May, Time Warner announced plans to spin off the ailing AOL into a separate company.

Topics: Legal, CXO, Enterprise Software

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6 comments
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  • what AOL stands from?

    Have they changed the original name?
    Do they still have a gateway to the 'Internet'?
    Linux Geek
    Reply Vote

  • AOL: Good, bad, & ugly.

    If you're into financial news and the stock market, it's hard to beat the coverage AOL provides. This is true in spite of the fact that Times Warner is not in itself a ball of fire. However, if you're thinking of becoming a potential shareholder (assuming AOL goes public), this board member lineup isn't a pretty thing to behold. Over half the appointees have so much else going on in their lives that it's hard to imagine they can ride herd on management.

    Now here's the ugly part: the positions of CEO and Board Chairman are vested in a single individual. This concentration of power normally leads to gigantic pay packages for executives and scanty leftovers for shareholders. Even the Feds have finally figured that one out. So should the potential shareholder.
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  • AOL: Good, bad, & ugly.

    If you're big on financial news and stock market reporting, AOL is hard to beat. I would like to say the same for its Board of Directors, but the majority simply has too much else going on to give their best for AOL. There's the good and the bad. Now we come to the ugly part.

    Any time you see the positions of CEO and Chairman of the Board combined in the same individual you can be almost certain it will lead to huge, if not obscene, pay packages for management. The question then becomes, What's left for the shareholders? Maybe plenty, but most likely not much. Even the Feds have got concerned. So should the potential shareholder.

    There. I've typed the body of this message twice. Please ZDNet, straighten out the bugs in TalkBack.
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