AOL a sinking ship?

AOL a sinking ship?
The Washington Post reports that major players on Time Warner’s board of directors have been unloading AOL stock in 2003. Four Time Warner board members have sold more than 68 million shares this year, and there have been 52 reported sales and four purchases of Time Warner stock by corporate officers and directors in all of 2003. Folks, this is often not good news, and while Ted Turner’s dissatisfaction and stock sales have been widely reported, this is the first I’ve seen about other top execs cashing out. AOL still has considerable online clout, but its dependence on dial-up accounts is a dead weight. Moreover, from a postmodern viewpoint, AOL is very 20th century, because it attempts to control the use and activities of its subscribers. [Bias note: This writer quit AOL years ago when I discovered the ubiquity of its software fingers on my hard drive. Grrrrr!]

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