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The great white whale…

December 16, 2013

The CEO of AOL has finally acknowledged that his pet project, Patch, had to be abandoned. This is after losing hundreds of millions of investors money chasing it. He gave an interview defending it as a wonderful business that was just about to make tons of money even as he shut it down. The article fairly drips with sarcasm.

http://www.nytimes.com/2013/12/16/business/media/aol-chiefs-white-whale-finally-slips-his-grasp.html?smid=pl-share

This is a recording of him reaming his employees in August for a lack of perceived commitment to it’s success during a meeting. Two minutes into it he fires a guy for taking his photo. You can feel the anger and frustration in his voice throughout the conference call.

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