WSJ says: "In its effort to remake its AOL unit into an ad-driven Internet business, Time Warner Inc. named Randy Falco, a top executive at General Electric Co.'s NBC, to become the primary driver of that push." http://online.wsj.com/article/SB116363405396024442...
It is certainly true that Miller never returned AOL to its glory days during the 1990s. It is also standard for new bosses, like Time Warner president Jeff Bewkes, to pick their own team. Clearly both had something to do with Miller getting his walking papers.
But let's not forget what Miller did during his four year stint as AOL's CEO: Against huge odds, he took a company in dire straights and impressively turned it around.
Which begs the following question: Is this the right move? Isn't AOL's bigger problem that to survive long term, it needs to operate like an independent company but cannot as long as it is locked up inside Time Warner?
I predict Mr. Falco won't have much more than a year to solve that problem.