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Motorola, Carl Icahn Come to Terms

Apr 7, 2008, 8:41 AM by Eric M. Zeman

Motorola has agreed to appoint two Carl Icahn-approved executives to its board of directors in an effort to appease the activist investor. Keith Meister, a managing director of Icahn investment funds, will be appointed to the board immediately. William R. Hambrecht, the founder and chief executive of W.R. Hambrecht and Company, will be nominated to a board seat at the shareholder meeting in May. In return, Carl Icahn has agreed to drop his pending proxy fight and all litigation against Motorola.

New York Times »

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Comments

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This forum is closed.

pauldg

Apr 7, 2008, 8:56 AM

Was Icahn right?

We'll see if this changes anything, it couldn't hurt, could it?

AndrewT

It could but this is what Icahn does. Of course, this probably wont affect their mobile division...

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