Word: splitting
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...dramatic reinvention. So over the course of 2008, it slashed costs, replaced nearly 70% of its senior executives, transformed its corporate culture and hired Sanjay Jha, Brown's co-CEO, to resurrect its handset segment. Then it took the turnaround one step further, announcing plans in February to split the corporation into two independent entities...
...oversee the mobile-device and television-set-top-box businesses. Brown will run the rest, which the company calls Motorola Enterprise Mobility Solutions and Networks, a name that could only have been fashioned by engineers. "I've long advocated that these were two distinctly separate companies," Brown says. "The split will mean renewed focus, improved innovation, better customer satisfaction and increased employee engagement...
Meanwhile, Brown's new spin-off will absorb Motorola's $3 billion in debt. But the split also means his charge will be able to keep the strong cash flow. "We will reinvest some of that money in expanded innovation, and we can consider ways to grow the firm organically or potentially through acquisitions," Brown says. "It will also be easier to attract world-class talent to a world-class firm rather than one in transition." Perhaps two heads will prove, after all, to be better than...
After its trouncing in the first game, Harvard looked to regroup and contend for a series split...
...first of two doubleheaders this weekend, Harvard softball split games with Penn (11-14, 6-2 Ivy) on Saturday, losing a well-contested 5-4 game in the nightcap after pummeling the Quakers—who entered the matchup with an undefeated record in Ivy League play—10-0 in the opener...