Going, going, gone – Zander’s Out
Motorola’s ever-smiling CEO Ed Zander is going home. Today the company announced that Zander will be leaving his post come January to be replaced by one of his underlings.
During Zander’s tenure, the now-third largest phone manufacturer released and sold millions upon millions of shiny RAZR phones. This might’ve been a good thing had the company not slashed prices to get them out the door. And even though the RAZR was Motorola’s most successful phone model, newer versions (anyone remember the KRZR? Yeah, I don’t either) failed to match the original’s popularity.
Mr Zander said the decision to resign now was his and reflected his desire to spend more time with his family. “It was a tough decision because I love the job,” he said.
So what’s the company doing now? No one seems to know. Currently billionaire Carl Icahn is calling for Motorola to be split into three pieces, and most analysts seem pretty uncertain about the fate of the RAZR maker.
Shares of Motorola rose more than 2 percent on the news.
Zander steps down as Motorola chief – FT.com










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