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Relics of the New Economy: Where Are They Now?

By: Ryan UnderwoodWed Dec 19, 2007 at 12:47 AM

9. Candice Carpenter, cofounder and former CEO of iVillage

Then: Brought the first major "women's only" site to the Web in 1995. The 1999 IPO reportedly made her worth $32 million. By 2001, the year she resigned, her take was slashed to $200,000.

Now: Wrote a self-help book called Chapters: Create a Life of Exhilaration and Accomplishment in the Face of Change (McGraw-Hill, 2002). Also married Random House CEO and all-around mover-and-shaker Peter Olson. (Bertelsmann owns Random House, too.)

10. Stephen M. Case and Gerald Levin, former AOL Time Warner chiefs

Then: At the moment Steve Case, the head of AOL, embraced Gerald Levin onstage after announcing that AOL was buying Time Warner on January 10, 2000, the world collapsed in on itself. Forget the market drops of 2000. It was that damn hug that doomed us!

Now: After the newly named--and then recently unnamed--AOL Time Warner lost $200 billion in shareholder value in less than three years, both guys are out. Levin abandoned his wife of 32 years for a youngish-looking clinical psychologist and headed for California. Case got the boot from his old-world media cronies. To top it off, both men were personally named in a suit filed by California's state pension fund to recover more than $250 million in stock losses.

11. Stuart (Michael C. Maronna)

Then: "Believe in yourself!" That's what Stuart, Ameritrade's mohawked slacker-spokesman told his buttoned-down, disbelieving boss as part of a $200 million ad campaign, circa 1999, as the crusty old guy threw the investment dice into the Internet ether.

Now: Stuart, actually the actor Michael C. Maronna, is wrapping up production on a movie due out this year called, we kid you not, Men Without Jobs.

From Issue 80 | March 2004