Subject: [NEXTEL-1] Some Angry Investors Call for Motorola CEO to Resign

From: Marcel <[email-masked]>
Date: Thu, 08 May 2003 13:05:03 -0400

Some Angry Investors Call for Motorola CEO to Resign

Some individual investors, angry over Motorola's stock performance and the level of its
top executive compensation, called on CEO Christopher Galvin to step down. At Motorola's
annual shareholder meeting Monday, Galvin defended his estimated $2.8 million 2002
compensation, and pointed out that he ranks in Motorola's 25 largest shareholders. The
value of the stock has fallen about 48 percent since January 2002. Galvin pointed out that
Motorola is still recovering from the "exaggeration of the late '90s." (Source: Reuters)