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.

Anyone that makes me a quarter of a billion dollars, I like.

Had a nice conversation with Tim Cook today. Discussed my opinion that a larger buyback should be done now. We plan to speak again shortly.

And I'm convinced, beyond a shadow of a doubt, that you can work with the unions because the unions want to survive. If they are confronted simply with the question: "Do you want this company to survive or do you want it to be broken up?" they will listen. It's their livelihood.

A great company in the media business needs visionary leaders, not a conglomerate structure headquartered in Columbus Circle that second guesses.

CEOs are paid for doing a terrible job. If the system wasn't so messed up, guys like me wouldn't make this kind of money.

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.