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Icahn Pushes for Motorola Board Seat

Icahn Pushes for Motorola Board Seat
Tuesday May 1, 4:32 pm ET
By Ashley M. Heher, AP Business Writer
Icahn Steps Up Campaign for Motorola Board Seat


CHICAGO (AP) -- Billionaire financier Carl Icahn continued pleading with Motorola Inc. shareholders Tuesday as part of his down-to-the-wire campaign to win a seat on the company's board.
In a full-page ad published in The Wall Street Journal, Icahn blasted Motorola Chief Executive Ed Zander and other managers for the cell phone maker's financial problems and urged shareholders to elect him to the 13-member board during Monday's annual meeting.

http://biz.yahoo.com/ap/070501/motorola_icahn.html?.v=2


"Motorola has stumbled and stumbled badly," Icahn wrote in an open letter to shareholders. "It is a great company with good employees, but has been shaken by leadership setbacks that I believe could have, and in fact should have, been averted."

posted by Famous Quotations @ 2:37 PM