"I'm sorry," says ex-AOL Time Warner CEO LevinJanuary 4, 2010: 4:57 PM ET
Gray-bearded and skinny, Levin called for lots of public-company CEOs to step up and say, "I'm really very sorry about the pain and suffering and loss that was caused. I take responsibility." About himself and the wealth-obliterating deal: "It wasn't the board. It wasn't my colleagues at Time Warner. It wasn't the bankers and lawyers."
Levin, 70, praised former AOL boss Steve Case--who sat beside him on set--as "a brilliant, young digital entrepreneur." He placed the main blame on execution, saying about the combined AOL Time Warner: "It was not a supermarket. It was a mall."
How odd is it that these two ex-masters of the media universe are now far away from it all...and making money off of other rich people who want to escape too? Levin runs Moonview Sanctuary, a personal-healing retreat in California. Case owns, within his company, Revolution, a bunch of upscale vacation spots, including the top-rated spa, Miraval in Arizona.