The former CEO of TimeWarner just apologized for buying AOL during the height of the dotcom boom:
“I presided over the worst deal of the century, apparently, and I guess it’s time for those who are involved in companies to stand up and say: you know what, I’m solely responsible for it,” said Mr Levin. “I was in charge. I’m really very sorry about the pain and the suffering and loss that was caused. I take responsibility.”
He said he’d like to hear other executives — namely those from Lehman Brothers, Bear Stearns, and Merrill Lynch — to make similar concessions.
We’ll eagerly await their statements.