Time Warner: Parsons’ Value to TWX = -$1.5 Billion


What news sent Time Warner stock zooming this afternoon?  A report from the Times of London that CEO Dick Parsons is about to step aside. 

True?  We haven’t the faintest idea.  But always interesting to get a real-time snap shot of what investors consider to be your value to your company.

In Dick’s case, unfortunately, the news isn’t good: -$0.40 a share.  With 3.7 billion shares outstanding, this translates to a Dick Parsons-value-to-Time Warner of negative $1.5 billion.

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