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Echoing his 2006 strike at Time Warner--when he used a proxy-driven fight for majority control of TW's "timid" board while pressing the media giant to spin off its cable business--Carl Icahn is now having his way with Motorola. On the heels of blasting "moron bosses" on 60 Minutes--and having chased after ex-Moto boss Ed Zander last year--he tore into present Moto chief Greg Brown thus: "He certainly - as far as I can ascertain - has no in-depth experience or knowledge concerning the Mobile Devices business, which was and is by far the major problem for Motorola." Add his suit requesting details of Motorola's business strategy, and the capitulation came yesterday: the company that gave us the DynaTAC 8000X-- the two-pound analog “brick” introduced in 1984 that cost $3,995 and only stayed juiced for thirty minutes--will split into two independent publicly traded firms, one focused on broadband and enterprise mobility, the other on mobile devices. What a force Icahn remains--remember, he was king of the corporate raiders in the '80s, his guns a'blazin' on junk-driven LBOs capturing the likes of Texaco, TWA and of course, RJR Nabisco. What's next for the former greenmailer? The Motorola proxy fight, for one thing--and while he's busy with that, do read the nasty letter sent by a company insider to Greg Brown and other Moto executives. If this is anything to go by, Icahn was on the right path from the start: among many gems, the letter accuses Brown of "actively killing the company." Paging Steve Carrell?
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