AOL top man sells half his stake

AOL Time Warner Vice Chairman Ted Turner, who stands down from his post next week, has sold off half of his stake in the group. According to the Wall Street Journal most of the stock was sold to the Goldman Sachs investment bank, though 10 million shares were transferred to a charitable trust who also promptly sold them! The sale cuts Turner's stake in AOL to about 45 million shares which is about 1% in the company.