Fred Lane
Fred Lane
bloated boards conclusion draw inept management message pick structures targets time unless
I think the message here is, pick your targets wisely, and do not pick on managements or boards unless they are demonstrably inept and the management structures are demonstrably bloated and ineffective. I don't think that's a conclusion you draw from the Time Warner experience.
coming directors five interest looking price prior time
Prior Time Warner directors are going to be looking askance at recommendations coming from these five because they come in with the Icahn agenda. Their interest is in short-term price performance.
awareness business education entire fiscal good looking manager million providing
What we're looking for is someone with a combination of fiscal awareness and educational vision. We're looking for someone who, first and foremost, is going to be a good manager for what is essentially a $50 million business that is providing for the education of an entire generation.