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Hard Fall From a Chair

About 2 pages (502 words)

The Washington Post, January 19th, 2003

In an effort to avoid a boardroom brawl and salvage what's left of the troubled merger of AOL and Time Warner, Steve Case announced he was stepping down as chairman and visionary-in-chief. Case's rise and fall is a near-perfect metaphor for the boom and bust of the last decade. The company he helped to found, in Northern Virginia, was a pioneer in democratizing the Internet and helped to stoke the biggest investment bubble Wall Street had ever seen. Flush with inflated stock, Case bought up the media empires of earlier generations -- Henry Luce's magazine empire, Jack Warner's Hollywood studio...

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