Time Warner CEO Dick Parsons said Carl Icahn can't make up his mind on how to increase the media company's share price.

Icahn, who with a group of investors owns 3% of New York-based Time Warner's stock and options, has since August demanded the company buy back $20 billion of shares and spin off its cable unit. Last week, Icahn hired Lazard investment bankers to make an analysis of Time Warner and come up with new ideas to boost the stock.

Is Icahn disturbing a sleeping giant in Parsons? --->NYDN