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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