Wednesday, March 26, 2008

Interesting news out of Mother Moto today....

Looks like we are to be spun off. parts of me wonders if this rapid agreement to what Mr. Ichan wants is just to make his lawsuit go away.

Among other materials, Icahn is seeking board documents related to a potential spin-off of the cell phone unit, the service and selection of Motorola's senior officers and materials related to the use of company aircraft by senior management, board members and their families.

It sounds like they didn't want to be embarassed to me, or possibly subject to more intensense investigation by the sec and other shareholders.

No comments: