Icahn: ‘I like Ed Zander personally’
Activist investor Carl Icahn continues to have a way with words. Just hours after Motorola (MOT) changed its CEO — a move Icahn had previously advocated — Icahn issued a press statement Friday afternoon sketching out what he believes needs to happen next at the struggling wireless company.
Getting straight to the point, Icahn’s release — titled “Icahn Reacts to Replacement of Zander” — calls for a four-way split of the company and argues that a mere executive-suite shuffle “does not even begin to address the major problems at Motorola.” And while he believes the board’s action was “long past due” and that Zander was never the right man for the CEO job, Icahn hastens to soften the blow by adding, “I like Ed Zander personally.”
No word yet on whether the feeling is mutual.
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