Word: motorolas
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...busy few weeks for Carl Icahn, the billionaire financier who gained fame--some would say notoriety--in the 1980s by taking over TWA and agitating for change at the likes of Texaco and RJR Nabisco. While juggling his bids to get on the board of mobile-phone manufacturer Motorola and to buy car-parts maker Lear, Icahn, 71, took a break to talk with TIME's Barbara Kiviat about imperial CEOs, movies by mail and the one thing no one ever gets about...
...trying to get on the board of Motorola, which you think has too much cash on its books. Does CEO Edward Zander need...
...looking to remove Motorola's board. I'm only saying that there's no reason for that company to be sitting with $12 billion of cash that would be better used by shareholders...
Foreign investors are lured west by the interior's lower costs--salaries for highly skilled college graduates in Chengdu are about 30% lower than in Shanghai--as well as tax breaks and other juicy incentives. After Motorola opened a software R&D center in Chengdu in 2001, the city government built the company a special building, complete with a rooftop patio...
...easy in a country of 1.3 billion. "I don't think that it has ever been more difficult to go national than in China," says William Ghitis, president of global apparel at Invista, the maker of Lycra. One hurdle is the logistical nightmare created by China's sheer size. Motorola has tripled the number of its sales outlets, to 30,000, in just the past 18 months to penetrate deeper into interior markets. Chapman-Banks says it often takes weeks to get new phones to these outposts. Then there's the challenge of organizing marketing efforts and training salespeople...