Motorola out to cut pension shortfall.(Business)

Byline: Anna Marie Kukec akukec@@dailyherald.com While most Motorola Inc. shareholders' watched a heated proxy battle at the recent annual meeting, others eyed a more personal matter - their pensions. One older man pointed out the pension plan was under-funded by about $1.2 billion - or roughly 20 percent.

He asked if Chief Executive Officer Ed Zander intended to keep the pension going. "Yes," Zander promised. Pensions have been at the heart of cutbacks at many companies, including IBM, which recently said it would freeze accounts after this year. Delta Air ...

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