Motorola CEO Greg Brown assumed direct control of Motorola's handset business after the company said it was mulling whether or not it should sell the unit. Brown took the reins from Stu Reed, who will help the CEO run the handset unit.
Activist investor Carl Icahn also named the four people he plans to nominate to the Motorola board of directors: Frank Biondi Jr., former Viacom CEO; William R. Hambrecht, founder of W.R. Hambrecht & Co.; Lionel C. Kimerling, professor at M.I.T.; and Keith Meister, managing director of the Icahn investment funds.
For more on Motorola's executive shuffling:
- read this report from the Wall Street Journal (sub. req.)