Friday, November 30, 2007

Zander Out: “Mom, Who’s That Guy in Our Living Room?”

The funniest headline you will read today is on Bloomberg, under Motorola, and, yes, it concerns the sudden departure of Ed Zander as CEO.

The headline is this:

“Motorola’s Zander ‘Anxious to Spend Time With Family’”


A hyper-aggressive marketing guy who’s been running pedal-to-the-metal at five different technology companies since 1973 (Data General, Apollo, Sunsoft, Sun Micro and Motorola) is voluntarily leaving the company he nearly brought to its knees while RIMM and Apple stole its soul, in order to kick back and watch Jon Stewart with his kids?

I mean, do they even know what he looks like in daylight?

“Mom, who’s that guy in our living room?”

“Oh my God—a home invasion! Grab the cat, Timmy and run—I’ll call the police!”

Jeff Matthews
I Am Not Making This Up

© 2007 NotMakingThisUp, LLC

The content contained in this blog represents the opinions of Mr. Matthews. Mr. Matthews also acts as an advisor and clients advised by Mr. Matthews may hold either long or short positions in securities of various companies discussed in the blog based upon Mr. Matthews' recommendations. This commentary in no way constitutes investment advice, nor is it a solicitation of business in any way. It is intended solely for the entertainment of the reader, and the author.


matt said...

And like others, he makes out pretty nicely...

"As strategic adviser to new CEO Brown, Zander will draw his regular base salary of $1.5 million and be eligible for benefits until January 2009. When he leaves, he will not get severance pay.

He will be able to retain restricted stock and stock options that vest prior to Jan. 5, 2009, but will forfeit 662,500 stock options and 125,000 shares of restricted stock that vest after that date."

eeeeeekonjohn said...

i don't care who runs motorola. the last two years with verizon ray-zor(s, since i've had to replace them a couple of times) have been awful. come february i will never use another motorola product again.

Tom O'Brien said...

Now that is funny. To see how disconnected all of Moto has been - take a look at this chart tracking the meaning of cool in cellphones over the last two years.

Tom O'B