Richard Parsons is one optimistic dude. The Time Warner CEO gave a positively rosy-hued speech at last week's shareholders meeting in Atlanta, with the reassuring statement that "our company is clearly undervalued."
Among other plans, Parsons believes he can rejuvenate AOL by increasing revenue from online advertising (some of our BloggingStocks readers, meanwhile, seem to think that AOL's "certified" email program is also part of the plan to jump-start AOL).
And while he's made some bold moves -- slashing some 2,400 jobs, for instance -- the stock has remained relatively static.
Is it just me, or is Parsons' cheerfulness a bit like shuffling deck chairs on the Titanic? Or is it rather -- in Stephen Colbert's famous phrase -- like shuffling chairs on the Hindenberg?
Among other plans, Parsons believes he can rejuvenate AOL by increasing revenue from online advertising (some of our BloggingStocks readers, meanwhile, seem to think that AOL's "certified" email program is also part of the plan to jump-start AOL).
And while he's made some bold moves -- slashing some 2,400 jobs, for instance -- the stock has remained relatively static.
Is it just me, or is Parsons' cheerfulness a bit like shuffling deck chairs on the Titanic? Or is it rather -- in Stephen Colbert's famous phrase -- like shuffling chairs on the Hindenberg?
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