Thursday, July 19, 2007

Zander's problem

Motorola’s CEO Ed Zander has a problem…. He’s fast running out of excuses. He’s now getting used to a new game of taking the flak - "there weren't many really new 'wow' products" in the company's portfolio in the first half of 2007” he said on Thursday. His company posted a $28 million second-quarter loss as continuing weak sales resulted in its first back-to-back losses in five years.

Coming from Private Equity industry that is quite unforgiving on non-performing CEOs, Zander will have a tough time defending letting Motorola slip to the third position in the world handset market behind Nokia and Samsung.

Carl Icahn had seen it coming perhaps. Time to prepare the three envelopes, Mr.Zander ?

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