Technology Industry
Industry: Email Alert RSS FeedCarl Icahn: Motorola's new backseat driver?(News)
RCR Wireless News, February, 2007
Byline: PHIL CARSON Carl Icahn wants a seat on the board of directors at Motorola Inc., the company last week acknowledged in a statement. Icahn and business interests he controls own more than 33 million shares of Motorola stock, about 1.4 percent of the company's outstanding shares, according to media reports.
His possible nomination to the 13-member board-he made his interest known last month-would come at Motorola's annual shareholder meeting, which has yet to be scheduled. Motorola said in a statement acknowledging Icahn's interest that it had no information on Icahn's intentions. Based on his track record, however, it would be fair to say that Icahn likely would push for significant changes in strategy or management at the handset vendor....
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