Is this really Carl Icahn's thuggery working?

A year after coporate thug Carl Icahn along with his equally thugy allies, took the fight to Dick Parsons and his inner circle at Time Warner, the stock price of the country's biggest media company is dancing the good dance. But again, we should not get ahead of ourselves. TWX shares are lately trading around $22.50. Mr. Icahn got his wish, at least in part. And the company did not have to be broken into pieces to realize the value. Still, it is interesting to look now at the Lazard value for each unit. Lazard combined the studio unit with the cable content operation (CNN, Turner) and came up with a value range of $55.9 billion to $61.4 billion. Cable's valuation was $43.3 billion to $48.5 billion. One year later: Icahn gets his stock price -- without breaking up TWX [Blogging Stox]