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From: Chicago Sun-Times
Date: 20070508
Author:Howard Wolinsky
Speaking to a packed audience at the Motorola annual meeting at the Art Institute of Chicago, billionaire activist investor Carl Icahn on Monday conceded he probably won't muster enough votes to claim a seat on the Motorola board.
Polling of shareholders indicates a close race -- RAZR close. The company said late Monday that preliminary results show Icahn will not be elected.
But he put the board, which strongly opposed him, on notice to hold Ed Zander, Motorola chief executive and chairman, to his promise of turning around the board in the next nine months. Though Icahn, 70, who holds ...
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