Stephen M. Case

From dKosopedia

Categories: Media figures | Hawaii people | Economic issues in Hawaii

Stephen M. Case, or Steve Case as he is popularly known, the co-Founder of America Online, was born on August 21, 1958 in Honolulu, Hawaii. His father was an attorney, his mother an elementary school teacher. He is the third of four children.

America Online, made its national debut in 1989. In 1995, Case assumed leadership of AOL. Under Case's leadership, America Online led the industry in such areas as consumer privacy, integrating technology into schools and ensuring the safety of children on the Internet.

In 2001 Stephen Case orchestrated a merger by acquiring Time Warner for $106 billion. Case served as Chairman of the combined enterprise, AOL Time Warner, for two years. In 2003, Stephen Case stepped down as Chairman of AOL Time Warner.

In an article in the January 2005 Hawai'i Business, entitled, Best Case Scenario, Jacy Youn reports:

...since stepping down as chairman of AOL Time Warner Inc. in 2003, he has increased his presence in the Islands - physically and financially. He has often been spotted island hopping, tending to and learning about his local investments (Case owns 42.9 percent of Maui Land & Pineapple Co. Inc. (MLP:AMEX) shares, making him the majority owner, and 100 percent of Grove Farm Co. Inc. on Kauai. Each of these companies has a half-million dollar stake in the Hawaii Superferry.) With each trip, he's also on the lookout for opportunities with the potential for both financial and social gains. [1]

But, more than investing monetarily, the article goes on to give examples of the Case belief in investing socially:

Case, for one, is a big believer in what he calls the concept of "doing well and doing good," and he's applying this practice of solving large-scale social problems with entrepreneurial tactics to all of his current and future Hawaii investments. [2]

External Links

• Grove Farm Owner: Steve Case.
• Lime Majority investor: Steve Case.
• Maui Land and Pineapple Co. Majority investor: Steve Case.
• Steve Case Revolution.com
• The Case Foundation -- Overview The Case Foundation
• Yang, Catharine. The Pineapple of Case's Eye -- With huge real estate and resort investments in his native Hawaii, the former AOL chief is set on blending profit with philanthropy BusinessWeek Online, 3-31-05.
• Lynch, Russ. Case sends Maui Land’s stock soaring -- The Hawaii-born AOL chairman is making the buy as a long-term investment Honolulu Star-Bulletin, 7-2-99.
• Segal, Dave. Partner exits Maui spa venture Honolulu Star-Bulletin, 5-17-05.
• Segal, Dave. Steve Case backs investment venture -- David Cole, CEO of Maui Land & Pineapple, will decide what to invest in By Dave Segal Honolulu Star-Bulletin, 8-5-05.
• martin, Dan. Punahou kids unfazed at idea of millionaire peer Honolulu Star-Bulletin, 10-05-05.
• Segal, Dave. Investors decide not to back new isle airline -- Grove Farm's move leaves FlyHawaii without major support (Honolulu Star-Bulletin, 10-26-05.
• Sutel, Seth. Steve Case resigns Time Warner board -- The Hawaii native had been one of the champions of the company's ill-fated deal with America Online Honolulu Star-Bulletin, 11-1-05.
• Star-Bulletin staff. Case raises stake in Maui Land & Pineapple Co. -- The founder of AOL buys $10.2 million worth of shares by Star-Bulletin staff Honolulu Star-Bulletin, November 19, 2005.
• Shin, Annys. Ex-AOL chief has a new enterprise Honolulu Advertiser, June 18, 2006.
• Yerton, Stewart and Finnegan, Tom. Grove Farm plaintiffs win key ruling -- A judge says the firm's former board failed to exercise due care in selling to Steve Case Honolulu Star-Bulletin, July 4, 2006.
• Van Voris, Bob. Case investing in health these days Honolulu Advertiser, August 6, 2006.
• Shin, Annys. Lofty goals at Revolution Health Honolulu Advertiser, March 3, 2007.