

On the tenth anniversary of his disastrous deal to sell Time Warner to AOL, Jerry Levin, the former CEO of Time Warner, apologized. Interviewed on CNBC, Levin said, "I presided over the worst deal of the century, apparently, and I guess it's time for those who are involved in companies to stand up and say: you know what, I'm solely responsible for it. ... I was in charge. I'm really very sorry about the pain and the suffering and loss that was caused. I take responsibility." Levin seemed to acknowledge that he had put off his apology too long, remarking at one point, "Maybe you could say in my case, it's a little late."
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Tuesday, January 5, 2010
FORMER TIME WARNER CHIEF LEVIN APOLOGIZES FOR AOL DEAL