For months, Carl Icahn has been waging a not-so-quiet campaign to get a seat on Motorola board. Apparently, it may be weeks before the we find out if his down-to-the-wire proxy battle full of letters, press releases and advertisements was enough to win support of investors.
As things stand ...
California Public Employees' Retirement System said it would support the company's incumbent slate of directors.
ClearBridge Advisors, which owns 2.2 percent of Motorola's shares, said Friday it would support the activist shareholder in his bid for one of 13 seats on the company's board.
General speculation seems to be that Icahn will win a seat.
I own a few shares in Motorla and am not happy about the decline of 30% since October. I'd like to see a shakeup of management and would definitely want to see Icahn get a seat.
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