BUSINESSWEEK ONLINE : JANUARY 15, 2001 ISSUE
COVER STORY Pittman's Co-Pilot Here's what AOL Time Warner co-COO Richard Parsons did at Time Warner. DEBT CUTTER During his first year, Parsons oversaw the sale of $3.2 billion worth of assets, including a share of Six Flags Entertainment and a stake in Black Entertainment Television. The goal: to pay down company debt. FIXER Handled tumultuous transitions at Warner Music and Warner Bros. movie studio. After years of rapid executive turnover, he got the units running smoothly by appointing Roger Ames to head music and Barry Meyer to oversee movies. DEALMAKER Engineered $20 billion proposed joint venture with London-based music company EMI, then negotiated directly with European regulators. (Time Warner and EMI terminated agreement amid heightened regulatory pressures.) PEACEMAKER Led a cross-divisional task force at Time Warner to help the company's staunchly independent divisions to work better together. _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _ _					RELATED ITEMS Show Time for AOL Time Warner COVER IMAGE: Show Time! TABLE: Can These Two Make the Marriage Work? TABLE: Pittman's Highest Hurdles TABLE: What They're Saying about Pittman RESUME: Robert Warren Pittman The Man Who Made Levin Look Good TABLE: Pittman's Co-Pilot AOL Abroad: Miles to Go (int'l edition) TABLE: A Global Report Card INTERACT E-Mail to Business Week Online

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