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chris galvin posts

What other former CEOs besides Carly Fiorina are joining Fox?

Posted Oct 11th 2007 9:30AM by Jonathan Berr (RSS feed)
Filed under: Dell (DELL), Motorola (MOT), Marketing and Advertising, Sprint Nextel Corp (S), Mattel, Inc (MAT), News Corp'B' (NWS)

When word of Carly Fiorina's hiring by the yet-to-be-launched Fox Business Network got out, you can bet that ousted CEOs started ringing up News Corp (NYSE: NWS) Chief Executive Rupert Murdoch.

Robert Nardelli is busy now at Chrysler LLC., but Gary Forsee has recently left Sprint Nextel Corp. (NYSE: S) to pursue other career opportunities as has former Dell Inc. (NASDAQ: DELL) CEO Kevin Rollins. Maybe former Mattel Inc. (NYSE: MAT) Chief Executive Jill Eckert or former Motorola Inc. (NASDAQ: MOT) head Chris Galvin wants to be a talking head.

The former Hewlett-Packard Co. (NASDAQ: HPQ) chief executive will no doubt be a lively television commentator. It's too bad that Bernie Ebbers, John Rigas, Dennis Kozlowski and Jeffrey Skilling are presently incarcerated. They were always good for a lively quote.

If anyone has any other suggestions for former corporate honchos that Fox should hire, let me know and I'll pass on your suggestions to Fox. Of course, they'll be ignored.

Motorola to cut 3,500 jobs as profits sink

Posted Jan 22nd 2007 1:47PM by Brian White (RSS feed)
Filed under: Earnings Reports, Analyst Reports, Bad News, Rumors, Products and Services, Competitive Strategy, Motorola (MOT)

Although Motorola (NYSE: MOT) sold more RAZR wireless handsets in its latest quarter than ever before, the company will be shedding about 3,500 jobs according to CEO Ed Zander. This comes as Motorola's profits sank over 40% in its latest quarter even as the wireless giant shipped more phones than ever.

Say it with me -- keep costs under control. Zander's past experience as an operational guru should bode well for MOT investors, as the guy apparently knows how to control costs and keep expenses down as most levels. But Motorola's mixed bag of results for its latest quarter smells of the earlier tenure of Chris Galvin more than operational expert Ed Zander.

The cuts will come from middle management as well (get rid of all that red tape!) and will comprise about 5% of Motorola's overall global employee base. The cost savings are estimated at $400 million annually as wireless handset profit growth is expected to soften significantly this year, even as volume ramps up a bit.