Case Closed at Time Warner

Steve Case resigned from Time Warner's (TWX Quote) board, citing the need to tend to his modestly named new health care services company, Revolution.

The move comes more than two years after Case left the executive ranks of the New York media giant. Case was chairman at the company that was then called AOL Time Warner for two years after leading America Online to great success in the 1990s.

Case's resignation won't draw any tears on the part of Time Warner shareholders, who have seen their stock plunge over the five years since the merger was proposed. When the merger of America Online and Time Warner was proposed in January 2000, the transaction was billed as "the digital transformation of Time Warner" by then-Time Warner Chairman Jerry Levin, and as the spark of "the next Internet revolution" by Case. ...