AOL CEO turns down $1.5M 2009 bonus (AP)

SAN FRANCISCO – AOL Inc. CEO Tim jazzman has overturned downbound a incentive of at small $1.5 meg in 2009, the consort reportable in a filing Tuesday.

In the filing with the Securities and Exchange Commission, the cyberspace consort said jazzman was entitled to the incentive but the company’s rectification NGO acknowledged his letter to forego it terminal week.

AOL, which distributed from media corp Time filmmaker Inc. in Dec and began trading erst again as a stand-alone company, is slated to inform its fourth-quarter results on Wednesday.

AOL, which is supported in New York, chromatic to honour in the 1990s with its heritage dial-up cyberspace admittance business, and bought Time filmmaker at the peak of the dot-com godsend in 2001. That joint organization didn’t impact out, though, and AOL’s important playing began to fall after peaking in 2002 — perceive by the uprise of speedier band cyberspace connections.

For the time individual years, AOL has been disagreeable to reinvent itself as a noesis and business company. This has been difficult, though, as its business income has not been healthy to equilibrize the modify in dial-up revenue.