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August 16, 2005

The barbarians are at Time Warner's gate

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Posted by Dominic Basulto

Famed corporate raider Carl Icahn - the leader of the barbarian investor hordes clamoring for the break-up of Time Warner - has secured a meeting this week with CEO Dick Parsons. No word yet on whether the meeting will occur at a neutral site, or whether it will occur high up in Time Warner's Columbus Circle stronghold. According to the Post, Icahn is out to "rattle the cages at Time Warner" -- but Wall Street thus far is not yet convinced that Icahn has the secret to unlocking value at Time Warner. After all, shares of the company are only up 6% in the past 10 days or so.

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