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Icahn Loses Bid for Motorola Board Seat

Tuesday, May 08, 2007 12:01:58 AM
By ASHLEY M. HEHER

 In this Feb. 7, 2006 file photo, financier Carl Icahn attends a news conference in New York. For months, Carl Icahn has been waging a not-so-quiet campaign to snag a seat on Motorola Inc.'s board. Even after shareholders cast their ballots at Monday evening's shareholder meeting on May 7, 2007, it may be weeks before the billionaire financier finds out if his down-to-the-wire proxy battle full of letters, press releases and advertisements was enough to win support of investors. (AP Photo/Shiho Fukada, File) CHICAGO (AP) - Carl Icahn may not have succeeded in his fierce campaign to land a seat on Motorola Inc.'s board.

But the billionaire financier's proxy fight with the world's No. 2 cell phone company might not have been an outright failure, either.

"Whether Icahn is physically on the board or not, he's made his presence felt," said Motorola analyst John Slack.


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