That makes it easier for a big shareholder to make a run at a board seat.
The contrast with the view on the board and among many big shareholders could not be greater.
He is the company's biggest individual shareholder, with about 12 percent.
But now, at least one big institutional shareholder wants to see the unit sold.
The changes came under pressure from big institutional shareholders who hold large stakes in the company.
Time Warner's big shareholders are a small but powerful group.
Sometimes the pressure comes from the companies themselves, or even from big shareholders, who would rather not hear bad news.
The biggest shareholder seems to think everything is under control.
He is the biggest individual shareholder, with about 5 percent of the stock.
In many cases, big shareholders say without it, they will not approve a company's plan to issue more options.
