Street blasts 'lame duck' Parsons, Time Warner

September 07, 2007 Time Warner was the victim Thursday of an unusually scathing Wall Street report by an analyst who called for a breakup of the company, told his clients that top executives aren't to be trusted and called Richard Parsons a "lame duck" chairman and CEO. The analyst painstakingly goes through management's discussions of AOL's online advertising success, culminating with an abrupt change last month when executives made it known that the unit was vastly underperforming expectations. The analyst said Bewkes, who is widely expected to succeed Parsons as CEO and chairman, might not be the best person for the CEO role given the troubles at AOL with a management team he installed.

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