New York Daily News – Carl Icahn won’t let up on Time Warner boss Dick Parsons.
The billionaire investor is fixing for a proxy fight at Time Warner’s next annual meeting and said he might try to boot Parsons.
“We are forming a slate of proposed directors to replace some or all of the board through a proxy fight, which could include Parson’s ouster,” Icahn told BusinessWeek in an recent interview.
The famous shareholder activist and a group of hedge funds that he has rounded up, together own a 2.8% stake in Time Warner, whose assets include CNN, Time magazine, Time Warner Cable and the Warner Bros.
