695690 Shares
- Start Date:
7-9-2007 - Last Pledge:
6-17-2009
Issue:
Since Jan.’04, when Ed Zander took over as Chairman and CEO of Motorola, shareholder returns have been 13.5%, while Nokia returned 37.8% and the S&P 500 return was 35.2%. Our returns as shareholders would have been 3x greater if we had put our money in either of those the day Ed Zander started. His past performance and the currently articulated strategy for a turnaround are neither sufficient nor acceptable.
Belief:
As shareholders, we can TAKE ACTION and demand change! The time is now for the board to undertake aggressive changes at Motorola. I have drafted a “Plan B” to put Motorola back on the path to its rightful place as the worldwide leader in communications. Once our Plan B is finalized, we will submit it to Motorola’s Board of Directors. Read Plan B and add your comments/edits to the Plan.
Nov. 30, 2007
Motorola said that Edward J. Zander will step down as chief executive of the troubled cell-phone maker on Jan. 1. He will be succeeded by Greg Brown. Zander will continue to serve as chairman of the board until the company's annual shareholders meeting in May 2008. Brown joined the company in 2003 and has served as president and chief operating officer since March.