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Icahn: Motorola should be quartered
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Last week Motorola announced the departure of its CEO, Ed Zander, and now activist investor Carl Icahn is calling for the company to be broken up into four separate firms--a mobile device company, an enterprise mobility firm, a connected-home company, and a mobile network equipment vendor. Icahn aggressively lobbied (unsuccessfully) for a seat on Motorola's board earlier this year all the while calling for Zander's ouster. Whether or not Icahn's influence affected Zander's leaving was never disclosed, so will his latest effort be successful?
For more on Icahn's latest proposal for Motorola:
- read this article from CNET
Comments
Posted by james j. daley | December 3, 2007 - 2:46pm
Icahn is a money loving "sap sucker." He cares less about the company, its people and its history. Zander was right to lead the charge to keep him off the board and now under new leadership with cash should buy him out and move to recapture the future with a unfied company...forward! It is very sad that Ichan and his pals...corporate raiders can exist in todays world economy, under a mask of a open economy....enough is enough...show him the door!
A proud member of the Motorola Alumni,
James J. Daley
Posted by Anonymous | March 6, 2008 - 3:41pm
Carl may not be right for Motorola if he wants to break the company in four pieces and sell it for profit.
But i would like to see Ed out of Motorola. He has done nothing but selling out Motorola properties. He got credit for someone else work (Razr). Does he really deserve to be on any company's Board.
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