Securities Law Prof Blog

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

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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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