There is no compelling reason today for these businesses to remain together. Almost every strategic decision regarding AOL has been wrong.

Since 2002, almost every strategic decision concerning AOL has been wrong. Time Warner failed to nurture or invest in AOL.

Our view is that Time Warner has been managed for the short term. Almost every strategic decision regarding AOL has been wrong.

Time Warner has been managed for the short term. This has damaged the company's fundamental competitive position and its prospects for growth. This approach has cost shareholders a staggering $40 billion.

Sometimes I want to clean up my desk and go out and say, “Respect me; I’m a respectable grown-up!" and other times I just want to jump into a paper bag and shake and bake myself to death.

No matter how lonely you get or how many birth announcements you receive, the trick is not to get frightened. There's nothing wrong with being alone.