AOL’s Golden Parachutes: $28.4 Million for Four Former Executives

Want to make money? Become a former AOL executive. The Web publisher paid out $28.4 million in cash and stock to four top executives it replaced last year. It will pay some of them millions more this year.

AOL, Still Shaking Up Staff, Hires New CFO Artie Minson

Newish AOL CEO Tim Armstrong hasn’t gone on a massive firing binge. But he’s still shaking up the ranks at the Time Warner unit. Today, for instance, he is installing a new chief financial officer: Artie Minson, the deputy CFO at sister company Time Warner Cable. Minson replaces Nisha Kumar, who held the spot for two years.

Weekend Update 5.03.09–Special Musical Chairs Edition

If there was an over-arching theme for this last week on All Things D, it would have to be musical chairs. Brand new MySpace CEO Owen Van Natta started things off Monday with his first day on the job. He was joined by new COO and former AOL exec Mike Jones and new chief product officer and former Sling Media exec Jason Hirschhorn.
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Exclusive: Platform-A Head Coleman Out at AOL, as Well as CFO (and More to Come?)

Platform-A President Greg Coleman–the former Yahoo advertising sales exec who came to AOL only three months ago–is leaving the company, sources said, as new CEO Tim Armstrong remakes his top staff in preparation to spin off the Time Warner online unit. Coleman was brought to AOL by former CEO Randy Falco in February, replacing Lynda Clarizio, and will be replaced by a Google ad exec, Jeff Levick. Armstrong, sources said, announced the moves to his staff tonight, right after he told Coleman about his decision late today. Also out: CFO Nisha Kumar, who came to AOL in early 2007 from Time Warner, owner of the online unit.