PREVIEW

... ger of Time Warner and America Online has lost $90 billion, and the stock price is still falling!

aol Time Warner chief executive Richard Levine has resigned and Time Warner director Richard Parsons officially took over three months ago.

This confession is as explosive as President George W. Bush's confession of Powell as the first black secretary of state in American history.

Richard Parsons becomes the most powerful black CEO in history!

But can he save the sinking ...

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