It's going to be fun to watch. But the real story took place long ago.
More Quotes from Charles Elson:
The board has to decide whether to sell. Thirty-five percent is a pretty big number. They have to decide if that's the right course or they may have a shareholder revolt.Charles Elson
He has a potentially conflicting fiduciary duty. There may be a way around it, but no matter how thick you slice it, it's still baloney. The next Time Warner board meeting will be interesting.
Charles Elson
The fact that directors might go without pay is meaningful. It shows, on the part of the directors, confidence that the company has a good future.
Charles Elson
It's a good thing. I view shareholder activism that's designed to increase shareholder value long term as positive.
Charles Elson
The whole idea of parachutes was to keep executives from standing in the way of valid transactions. What they seem to have become, because of their large size, is an incentive to do transactions.
Charles Elson
He's a very bright guy. He'll figure his way out of this. The financial world is a very small place. When you're on the board of a company engaged in financial transactions, this sort of thing may happen.
Charles Elson
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