Motorola changes tune on CFO dismissal
Struggling handset maker Motorola now characterizes the dismissal of its chief financial officer as "for cause," marking a shift from its initial explanation last month, according to a report Thursday in The Wall Street Journal.
In the company's quarterly financial report early last month, Motorola announced that CFO Paul Liska would be immediately replaced and noted its decision stemmed from postponing the spin-off of its cell phone unit, according to the Journal.
Liska, who was hired by Motorola last year, had previously worked at private equity firms, where he was tasked with running troubled companies and turning … Read more