Time Warner's Gerald Levin - The CEO Who Bet on the Wrong Horse with AOL Merger

Gerald Levin was the former CEO of Time Warner who engineered the disastrous $182 billion merger with AOL in 2000.

Levin transformed Time from a print magazine company into a major player in cable TV in the 1970s and 1980s.

Levin completely overlooked the rise of the internet and potential of online services in the 1990s.

The AOL merger was plagued with culture clashes and quickly destroyed shareholder value after the dot-com bubble burst.

Levin was ultimately forced to resign in late 2001 due to conflicts with AOL's Steve Case.