(Reuters) - The warning came at the end of a day when Motorola shares had risen as much as 3 percent on rumors that its chief executive, Ed Zander, could resign amid a campaign by an activist shareholder to oust him.
Earlier this year, Zander had withstood pressure from another activist shareholder, billionaire investor Carl Icahn, but Wednesday's profit warning could trigger more speculation that he may be forced out, some analysts said.
Read more at Reuters.com Business News
Earlier this year, Zander had withstood pressure from another activist shareholder, billionaire investor Carl Icahn, but Wednesday's profit warning could trigger more speculation that he may be forced out, some analysts said.
Read more at Reuters.com Business News
No comments:
Post a Comment