Monday, April 30, 2007

Motorola's Board Issues Stock holder Letter Against Carl Icahn

Motorola published a open letter too all stockholders in connection with the company's upcoming Annual Meeting of stockholders. In the letter, Motorola advised against electing Carl Icahn to its Board, saying his responsibilities appear to be to investors in his own business, which may conflict with his ability to represent all stockholders of Motorola. The Board said it unanimously determined that Icahn is "not the right person to serve as a Motorola director."

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