Icahn Has Probably Failed In Motorola Board Bid

Activist investor has probably failed in his bid to get onto the Motorola board, but it’s very close so the actual result may not be known for weeks. The rhetoric has toned down a bit, with Motorola CEO Ed Zander saying: “During the past few months, we have met with and listened to a large number of our stockholders, including Mr. Icahn, and we value their insights and perspective regarding Motorola…We remain steadfast in our commitment to continue building value for all of our stockholders”, reports Chron.com.
Icahn recognized that he didn’t get some of the large funds and so it would be difficult for him to win. “I congratulate them if they win. And I really hope they can produce what they say they will,” he said, adding that if they didn’t perform management should be replaced. “If Ed doesn’t do the job he says he’s going to do, you restructure this company

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