[Discussing the factors that led to the disastrous AOL-Time Warner Merger in 2000]
There are few intoxicants like the prospect of easy money, and that’s what the billions in IPO dollars then raining down on nobodies in Silicon Valley must have looked like. Nor can be discounted the recurring theme of this book: the lure of information empire. In 2010, [Gerald] Levin described to me the condition of being a CEO as “a form of mental illness,” with the desire for never-ending growth as a kind of addiction. As he said, “there’s something about being able to say, ‘I’m the CEO of the world’s largest media company.’ “
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