Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

Tuesday, May 8, 2007

Ichan's Proxy Fight for Motorola Board Seat Fails

At Motorola's annual shareholders' meeting yesterday, Carl Icahn's proxy fight for a seat on the Motorola board failed, as the big investors decided to give management's plan time to work.  Icahn said his fight was a "wake-up call," and that he'll keep his 2.9% interest.  See NYTimes, Icahn Appears to Fall Short at Motorola; WSJ, Icahn Fails to Win Motorola Board Seat.

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