Icahn says, "… the statements and predictions of Motorola's management and the board about mobile devices business have too often proven to be wrong.” He wants to know to what extent the board of directors of Motorola failed in supervising management and setting policy/direction at Motorola. Motorola tried to buy Icahn by offering two board seats, but Icahn wants four seats, and he’s not in the mood to deal. Go Motorola Splits in Two More about Carl Icahn
Motorola Splits Off Its Mobile Business
Motorola splits off its mobile handset business into a separate public company. How well does Motorola know the mobile handset business? Apparently not very well, according to billionaire investor Carl Icahn (major shareholder in Motorola). He wants a court order to force the turnover of documents related to Motorola’s spin-off of the cell-phone unit and to the selection of Motorola's senior officers. Icahn says, "… the statements and predictions of Motorola's management and the board about mobile devices business have too often proven to be wrong.” He wants to know to what extent the board of directors of Motorola failed in supervising management and setting policy/direction at Motorola. Motorola tried to buy Icahn by offering two board seats, but Icahn wants four seats, and he’s not in the mood to deal. Go Motorola Splits in Two More about Carl Icahn
Icahn says, "… the statements and predictions of Motorola's management and the board about mobile devices business have too often proven to be wrong.” He wants to know to what extent the board of directors of Motorola failed in supervising management and setting policy/direction at Motorola. Motorola tried to buy Icahn by offering two board seats, but Icahn wants four seats, and he’s not in the mood to deal. Go Motorola Splits in Two More about Carl Icahn