AOL pinches Google sales boss
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AOL has snaffled Google's US sales boss Tim Armstrong to be its chairman and chief executive.
Armstrong ran Google's online advertising push and its north American operations after joining the search giant in 2000.
AOL's current chairman and chief executive Randy Falco and president Ron Grant will leave the sleeping internet portal after a handover period.
Official statement here.
Google paid $1bn for a 5 per cent stake in AOL in 2005 but in January the search giant said that investment was now worth just $274m.
COMMENTS
RE: Andy Barber
No dont bring back the AOL coasters!!! We've never had it so good.
As far as I'm concerned AOL is a dead end that had its day in the 90's sometime when such a pointless and useless front end was different to the stand-alone Netscape and IE.
AOL so good...
...they flogged the UK arm to Carphonewhorehouse! Bring back the AOL coasters!
um
Maybe it's more of a "Google lends", rather than "AOL pinches" situation. Since Google has lost a shit load of investment capital in AOL it's in their interests to get AOL going again. I only hope that this will mean an end to the annoying "AOL" way of doing things since now they have some Google thinking in top management.
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