Falco's Roasters Will Feast on AOL's Woes

No doubt AOL had perfectly good reasons for announcing its plan to eliminate 2,000 jobs when it did -- ie. earlier this week. But the online giant could've spared CEO Randy Falco a lot of embarrassment by waiting a couple weeks.

That's because Falco is slated to be the guest of honor at the Center for Communications' annual luncheon on Tuesday, Oct. 30. And if past luncheons are anything to go by, Falco's peers will not be kind.

Last year's honoree, Tom Freston, had even worse luck than Falco: he got fired from his job running Viacom a mere seven weeks beforehand by Sumner Redstone. The various poohbahs assembled to praise Freston decided to roast him instead. "I can only imagine what it's like being screwed by a guy so old he had to take a little blue pill in order to do it," cracked News Corp. president Peter Chernin. (Yeah, that's funny -- but what would you expect, considering Chernin's speech was the work of a Family Guy writer?)

Be prepared for a lot of "Neutron Randy" jokes.