That's why all fellow Motorola shareholders should vote "withhold" for directors Lewent, Negroponte, Scott and John White. They should also vote "for" the three shareholder proposal on say-on-pay, recouping unearned management bonuses and new corporate standards at Motorola. In doing so, they'll embarrass the old guard into leaving.
Voting "against" directors does have an impact. I urged institutional and retail shareholders to vote against several of Yahoo!'s (YHOO Quote) directors last June (here's one of my YouTube political-style campaign ads). Thanks also to the company's poor performance, high executive compensation and support from some of the proxy advisory firms, several Yahoo! directors received over 35% "against" votes. Six days later, Terry Semel resigned as CEO. Motorola shareholders should be upset at this company's performance. But Icahn's involvement is not a cure-all. It would be easy to be a free rider as a shareholder and think that you can leave it to Icahn to fix things. That's not enough. Many more changes need to be made at the board-level and within this company. Get out and vote.- Loading Comments...
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