AOL: Dick Parsons' Options

As the feds wrap up their probes, Time Warner's CEO is pondering: Sell, spin off, or keep making the best of a flawed enterprise?

During the first week of April, Time Warner CEO Richard D. Parsons will pack up his office in Manhattan's Rockefeller Center and move north to towering new headquarters near Central Park. But no matter what his locale, Parsons can't escape one persistent question: What should he do with America Online?

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