Monday, February 12, 2007

Billionaire asks for seat on Motorola's board

Carl Icahn -- a financier who likes to get involved with companies he tries to "fix" -- has bought about 1.4% of Motorola's stock and has requested a seat on the board of directors.

There are many guesses that say Icahn wants to split Motorola up into component pieces (like any bullheaded financier) based on lackluster results from its last quarter.

Motorola, though, has has great results in recent years with a stock price that has done well. So, what's Icahn's beef here?

No comments: