Motorola (NYSE:MOT) opposes investor Carl Icahn’s bid to join its board. He is pretty annoying buy it would appear that he does something for the other shareholders in other companies where he buys large positions.
Shares in TimeWarner (TWX) rose during the period when Mr. Icahn was lobbying management to move the media company’s stock price up. And, Motorola’s shares moved up over 10% after Mr. Icahn said he was taking a position in the handset company.
The man is likely to torture management if he joins the board, but he is just as likely to be a substantial pain if he does not.
Hell, let him in.
Douglas A. McIntyre
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