Icahn vs. Motorola

March 14th, 2008
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In a letter to Motorola’s shareholders, Carl Icahn recently wrote that "as we all are painfully aware, over the past 18 months, the market value of Motorola has dropped by over $37 billion. More than $17 per share of Stockholder capital has vanished under the "guidance" and "leadership" of the current Board." To correct the problems at Motorola, Icahn demanded that the company spin off its mobile device business and give shareholders a "strong and capable voice in the boardroom." He also included a detailed list of "Empty Promises: Motorola's Record of Failed Leadership."
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