With some exceptions, the wrong people are running U.S. companies. It's been that way for years, and it hasn't gotten much better.

Now the guy that got to the top, the CEO, would obviously be stupid to have a number two guy who was a lot smarter than he is. So by definition, since he's a survivor and he got to the top and he isn't that brilliant, his number two guy is going to always be a little worse than he is. So, as time goes on, it's anti-Darwinism, the survival of the un- fittest.

Don't confuse luck with skill when judging others, and especially when judging yourself.

We have bloated bureaucracies in Corporate America. The root of the problem is the absence of real corporate democracy.

I have to look out for the shareholder’s interests, and I’m the largest shareholder.

With some exceptions, the wrong people are running U.S. companies. It's been that way for years, and it hasn't gotten much better.

In life and business, there are two cardinal sins, the first is to act precipitously without thought, and the second is to not act at all. Unfortunately the board of directors and top management of Times Warner already committed the first sin by merging with AOL, and we believe they are currently in the process of committing the second; now is not a time to move slowly and suffer the paralysis of inaction.