Peter Kafka

Recent Posts by Peter Kafka

Jim Wiatt, AOL's Hollywood Connection, Leaves Board, Becomes "Strategic Director"

Odd one: AOL (AOL) board member Jim Wiatt is stepping down from that role, but will get a new one as a “strategic advisor,” the company announced. AOL says Wiatt, the former head of the William Morris agency, will report directly to CEO Tim Armstrong, “helping to expand AOL’s development of content, partnerships and relationships across the entertainment and media world.” If this sounds familiar, it should: Google’s (GOOG) Eric Schmidt was discussing a similar role for Wiatt in 2009.


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Just as the atom bomb was the weapon that was supposed to render war obsolete, the Internet seems like capitalism’s ultimate feat of self-destructive genius, an economic doomsday device rendering it impossible for anyone to ever make a profit off anything again. It’s especially hopeless for those whose work is easily digitized and accessed free of charge.

— Author Tim Kreider on not getting paid for one’s work