M & A Law Prof Blog

Editor: Brian JM Quinn
Boston College Law School

Tuesday, May 22, 2007

Lessons from the Motorola/Carl Icahn Proxy Contest

Theodore Mirvis of Wachtell, Lipton, Rosen & Katz has posted to the Harvard Law School Corporate Governance Blog Wachtell's memo on lessons from the Motorola/Carl Icahn proxy contest.  Icahn, who owns 2.9% of Motorola, recently lost a short-slate proxy contest for one seat on the Motorola board despite obtaining the endorsement of Institutional Shareholder Services.  Since this is Wachtell, the lessons are for targeted corporations, not insurgent shareholders. 


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