Fresh off his contribution to Terry Semel’s departure as Yahoo CEO and armed with 130 shares in Motorola, Erik Jackson started a campaign Monday to get rid of Motorola chairman and CEO Ed Zander and four other directors. He has posted a video on YouTube urging other shareholders to pledge their shares to support the campaign; his rationale for a Moto “Plan B” is here. Jackson only had 96 shares in Yahoo but gathered pledges of 2 million shares, still a drop in the proverbial bucket but enough to make noise. He hopes to do the same for Moto, which is no stranger to activist shareholders; Carl Icahn lost his proxy fight in May.
Deal Journal: “Jackson is among a new breed of investors who are savvy about the grass-roots power of the Internet and use it to make activism no longer a game reserved only for wealthy financiers.”
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