Levin:"People are just too impatient..."
Gerald M. Levin, the former chief executive of Time Warner who agreed to sell the company to AOL, publicly defended his decision for the first time since he retired last spring amid mounting disappointment with the deal.
It is too early to judge the merits of the merger, Mr. Levin told Reuters yesterday, while appearing in London at the World Congress of the International Confederation of Societies of Authors and Composers.
...Yesterday, Mr. Levin took a more philosophical tone, suggesting that the merger would eventually bear fruit. "People are just too impatient with the emergence of new business cultures," he said. "It doesn't happen overnight. It doesn't happen in the first year, particularly when you have transforming transactions."