|
 NEW YORK (AP) - Carl Icahn called for Time Warner Inc. to split into four separate companies, citing a report he commissioned that accused the media conglomerate of mismanaging for the short term.
Icahn recruited the investment bank Lazard Ltd. to study options for the company, and appeared alongside Lazard chief Bruce Wasserstein to present the proposals to financial analysts and reporters at a news conference in New York Tuesday.
The proposals were largely in line with Icahn's previous demands for the company, and included a $20 billion share buyback as well as criticisms of Time Warner's current management.
|