Yesterday, Carl Icahn and Bruce Wasserstein of Lazard delivered a 342-page report arguing, in part, for the break-up of Time-Warner into four separate companies. Interestingly, unlike other proxy contests, Icahn reportedly stated that if his proxy battle for Time-Warner proved unsuccessful, he would not continue to press for changes at the company. I wonder if that statement represents a sign of a respectful retreat or an attempt to raise the stakes by warning shareholders that his bid may represent a one-time opportunity for them.

Corporate Governance | Bookmark

TrackBack URL for this entry:
https://www.typepad.com/services/trackback/6a00d8345157d569e200d834a80ea369e2

Links to weblogs that reference More on Time-Warner: