Carl Icahn wants to be on the board of Motorola . But why? Well, CNBC's David Faber gave his take on the situation during "Morning Call." Whatever the reason, Motorola's stock is going through the roof today on the news (might this be the reason?), up more that 6% at one point.
As Faber reports--Icahn made the move yesterday-submitting a proposal--stating he wanted to be on the board. Icahn just put in his own name. This is a bit different from when Icahn proposed himself for the Time Warner board (see below). He submitted his own name with a slate of others. Faber says he's been told Icahn made a few calls to senior execs at Motorola--but there's no details beyond that at this point. It was Motorola itself--in a press release--that told of Icahn's plan.