Stealing Time : Steve Case, Jerry Levin, and the Collapse of... - 2021 report by Whydis

Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner

From Booklist In 1999 Wall Street was enamored with anything dot-com, and America Online was adding new subscribers in droves by giving away billions of free disks. Old-economy media giant Time Warner was trying to figure out how to make money in t...

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Conclusion

(3 reviews)
Report

(2 reviews)
Player

(2 reviews)
Merger approval

(2 reviews)
Goodness

(1 reviews)
Climax

(1 reviews)
Focus

(2 reviews)
Management

(2 reviews)
Huh?overall

(1 reviews)
Read

(5 reviews)
Job

(4 reviews)
Time

(15 reviews)
Sale

(4 reviews)
Internet

(4 reviews)

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Reviews around conclusion (5.00 of 5)

  • In the end, however, we are left with one, strong conclusion: AOL cooked the books to get the merger done with Time Warner and continued to cook them as long as possible to keep the numbers up after the merger
  • In the end, however, we are left with one, strong conclusion: AOL cooked the books to get the merger done with Time Warner and continued to cook them as long as possible to keep the numbers up after the merger
  • In the end, however, we are left with one, strong conclusion: AOL cooked the books to get the merger done with Time Warner and continued to cook them as long as possible to keep the numbers up after the merger

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around report (5.00 of 5)

  • Klein's reporting brings clarity and insight to those of us who don't quite grasp the goings on at AOL Time Warner
  • Huh?Overall, it's an impressive reporting achievement and a good read as well

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around player (5.00 of 5)

  • A case can be made (but not from this book) that AOL was the most important player in the 1990s in the explosive growth of an online society
  • The character sketches of the leading players are riveting, and are skillfully done by the author to provide a basis for understanding the agendas and goals of each person involved in this whole convulted mess

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around merger approval (5.00 of 5)

  • From the beginning of October 2000 to the merger approval on January 11, 2001, the whole notion of inevitability was brushed aside by the revelation that both companies, AOL and Time Warner, were telling the politicians and regulators a half-truth about their plans to allow other ISP's access to their cable's high speed Internet product
  • Even after the merger approval, AOL Time Warner was caught denying advertising placement to other ISP's for dial-up and DSL services at the exact time their ad revenue was shrinking

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around goodness (5.00 of 5)

  • We all should have worried when Steve Case told the media in the euphoria of the merger announcement: "We want to be the most respected company in the world."Thank goodness, Mr. Klein did his job as an investigative reporter by uncovering much of the unseemliness; and now, he has done his job as a business storyteller by revealing many of the truths about the largest debacle in the business history of the U.S.

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around climax (5.00 of 5)

  • I found the book very informative with a good amount of background info, so one can appreciate the climax.

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around focus (5.00 of 5)

  • AOL, a new breed upstart with a strong central management focus--with a desire to get into 'media content' to feed it's distribution focus, and Time Warner, a staid veteran with decentralized units,--with a desire to get into 'internet distribution' to
  • Well, I think the book should have focused more on AOL and less on the aftermath at Time Warner.

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around management (5.00 of 5)

  • it's over the top 'dot.com' management and financial chicanery, but in truth AOL was operating in a persmissive environment and did little that was frankly 'illegal', although a lot that was unethical.
  • AOL, a new breed upstart with a strong central management focus--with a desire to get into 'media content' to feed it's distribution focus, and Time Warner, a staid veteran with decentralized units,--with a desire to get into 'internet distribution' to

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around huh?overall (5.00 of 5)

  • Huh?Overall, it's an impressive reporting achievement and a good read as well

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around read (3.86 of 5)

  • This is a people book, a good read, not a business book, not a technical book
  • Its a pretty easy read and somewhat entertaining, but the subject matter lacks the depth necessary for a good business book.
  • This book is lively, a quick read and not harshly judgmental toward AOL, even while presenting strong indications that negative judgments would be justified
  • His sourcing is excellent and his description of the key characters such as the blander than bland Steve Case makes it a colorful read
  • When the book focuses on those parts of the story, Stealing Time is riveting reading

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around job (1.69 of 5)

  • Turns out, they lost their jobs and, for many of them, their fortunes
  • Turns out, they lost their jobs and, for many of them, their fortunes
  • Turns out, they lost their jobs and, for many of them, their fortunes
  • Alec Klien has done a wonderful job of exposing the corporate greed and shenanigans that AOL used to "purchase" Time Warner.

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around time (1.34 of 5)

  • So if you are interested in the clash of personalities, Stealing Time has some good material, but if you are interested in why AOL was successful and why AOL Time Warner was not, this book doesn't have anything to say.
  • Stealing Time does, however, and I highly recommend the book to you
  • The former Time Warner CEO comes off as a complex and troubled leader and I love the image of him getting out of his limo in his old neighborhood to ponder life
  • This is abundantly clear in "Stealing Time," the not always balanced story of the AOL Time Warner merger and the subsequent problems
  • Stealing Time provides a lot of details on the individuals involved in the AOL Time Warner merger, but no business perspective
  • Read remaining 15 reviews for time

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around sale (1.00 of 5)

  • In the course of that assignment, he discovered that AOL was using sleazy advertising sales practices and illegal accounting to "achieve" its earnings growth.
  • They did so, as has been documented previously, by booking phony ad sales when money flowed both ways and counting as revenue money that had not yet arrived
  • They did so, as has been documented previously, by booking phony ad sales when money flowed both ways and counting as revenue money that had not yet arrived
  • They did so, as has been documented previously, by booking phony ad sales when money flowed both ways and counting as revenue money that had not yet arrived

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


Reviews around internet (1.00 of 5)

  • Anyone interested in mergers, the media business or the Internet boom and bust should pick this up.
  • AOL was flying high on the combination of its subscriber revenues, temporarily inflated ad revenues and, more importantly, the expectations of investors that the Internet had no known limits (it did)
  • AOL was flying high on the combination of its subscriber revenues, temporarily inflated ad revenues and, more importantly, the expectations of investors that the Internet had no known limits (it did)
  • AOL was flying high on the combination of its subscriber revenues, temporarily inflated ad revenues and, more importantly, the expectations of investors that the Internet had no known limits (it did)

You are reading snippets from reviews of Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner


More about Stealing Time : Steve Case, Jerry Levin, and the Collapse of AOL Time Warner

  • From Booklist In 1999 Wall Street was enamored with anything dot-com, and America Online was adding new subscribers in droves by giving away billions of free disks
  • Old-economy media giant Time Warner was trying to figure out how to make money in this new Internet thing
  • Its CEO, Jerry Levin, was eager to bring the company into the computer-friendly twenty-first century
  • Steve Case, CEO of AOL, knew the ride wouldn't last forever and shrewdly leveraged the inflated AOL stock to purchase the much larger Time Warner
  • Klein fascinatingly fills in the gaps of what is known of this, the largest merger in U.S
  • history
  • It turned out to be the signal of the end as this deal revealed to all that the Internet could not stand on its own
  • What was supposed to have been a synergy of new and old media turned out to be a total culture clash that led to disastrous results for the company and its stockholders
  • As a reporter for the Washington Post since 2000, Klein's investigative reporting of AOL Time Warner's business practices led to serious government investigations
  • Under pressure, several top AOL executives, including both Case and Levin, were forced to resign
  • David SiegfriedCopyright © American Library Association
  • All rights reserved Read more About the Author Alec Klein is an investigative business reporter for The Washington Post who covered AOL Time Warner for more than two years
  • He previously reported for the Virginian-Pilot (Norfolk), the Baltimore Sun, and The Wall Street Journal
  • A Phi Beta Kappa graduate of Brown University, he is also a playwright. Read more