We believe in and are developing a broad-based equity plan so that all our people can participate in a stock-option program that will enable them to share in the growth potential of the company.

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There is no basis for any rumors that Steve Case is leaving.

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Steve Case is the chairman of the board and will be so after the meeting. All other discussion is just rumor and speculation.

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The goal is to unify AOL Time Warner, to sharpen its focus, capture synergies for growth and strengthen the integration of the company. We are not cutting into muscle, and these are not across-the-board cuts. It's only where appropriate.

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