Carl Icahn is mounting another siege at Motorola, suing the company for the release of documents related the the potential spin-off of its mobile devices business and other matters. The legal fight comes as Icahn, who disclosed this month that he now owns about 6.3 percent of Motorola, is seeking control of four seats on the company's board of directors (Motorola has offered him two). Icahn also wants information on use of corporate aircraft by executives and their family members.
All of this would be a new complication in the life of new Motorola CEO Greg Brown as he tries to right the company, but the truth is that Icahn has been buzzing around Motorola for some time. He lost a fight last year for more board seats, but has lingered since, saying after Ed Zander departed as Motorola CEO that the company should be broken up via spin-offs or sales.
For more:
- see this Associated Press report at The Washington Post
Related article:
- Icahn late last year called for the break-up of Motorola into four parts