Sunday, March 3, 2024

New Time Warner CEO Was Once Company Whistleblower and SEC Target

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Who says you can’t go home again? The new CEO of Time Warner is Joseph Ripp. Jeff Bewkes announced his appointment today. If his name sounds familiar, Ripp was once an AOL Time Warner whistleblower. Then as CFO of AOL he was indicted by the Securities and Exchange Commission, accused with other AOLTW execs of overstating ad revenue from the old AOL. In September 2011, Ripp reached a settlement with the SEC and paid fines totaling $150,000. http://www.sec.gov/litigation/litreleases/2011/lr22109.htm

JosephRippPrior to Ripp’s SEC scandal, he made headlines in 2008 as a whistleblower at AOLTW: http://www.nytimes.com/2008/06/09/business/media/09aol.html?pagewanted=all

And now he’s CEO of the company. Ripp got the job after a long search process with many candidates including popular former Entertainment Weekly publisher Michael Klingensmith. Ripp succeeds Laura Lang, who made many enemies in a short time. Ripp looks like a prototypical, reassuring CEO for Time Warner: he’s 61, white haired, and lives in Connecticut. I feel better already.

 

Roger Friedman
Roger Friedmanhttps://www.showbiz411.com
Roger Friedman began his Showbiz411 column in April 2009 after 10 years with Fox News, where he created the Fox411 column. His movie reviews are carried by Rotten Tomatoes, and he is a member of both the movie and TV branches of the Critics Choice Awards. His articles have appeared in dozens of publications over the years including New York Magazine, where he wrote the Intelligencer column in the mid 90s and covered the OJ Simpson trial, and Fox News (when it wasn't so crazy) where he covered Michael Jackson. He is also the writer and co-producer of "Only the Strong Survive," a selection of the Cannes, Sundance, and Telluride Film festivals, directed by DA Pennebaker and Chris Hegedus.
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