Former Motorola CFO alleges that company lied about financial data, Santa Claus
By Tim Stevens 
posted April 13th 2009 8:04AM
posted April 13th 2009 8:04AM
There have been no shortage of legal wranglings in the electronics space lately, usually between two well-entrenched corporations, but this one's a little more interesting: a former officer taking the offensive against his former office. Paul Liska, previous head of all things financial at Motorola, is alleging that the company has been misleading investors for quite some time regarding the performance of its Mobile Devices unit, and that when he raised his concerns to the board he was given an escorted trip out the building for his troubles. Moto, on the other hand, is saying that the company's current financial mess is all thanks to a scheme concocted by Liska himself, who then attempted to blackmail the company before trying to paint himself as a whistleblower. That's an awful lot of intrigue, but given the thrilling, cut-throat world of chartered accountancy (as depicted in Monty Python's documentary The Meaning of Life), truly anything can happen. [Via Phone Arena]
Not Santa!! OH NOES :(
Oh no he didnnnnn'tttt
ha, who didn't see that coming ??
How low has Motorola fallen, eh?
It's mere coincidence that, when I first saw this article on the Engadget home page, the ad RIGHT below it was "I'm Happy I Lost My Job".
Shouldn't this be a "CF-Oh no he didn't"? :p
Common Investor: Motorola sales are through the roof! Better get in now while they're hot!
Motorola: Yes, give us your monies! We're making a killing!
*Economy tanks & Motorola on verge of Bankruptcy*
Common Investor: WTF? What happened?
Motorola: Yeah... we lied.
-LeiTxo
Funny the Moto Co-CEO was just named one of the highest paid CEOs last year.
http://money.cnn.com/galleries/2009/news/0904/gallery.biggest_ceo_paychecks/index.html
104.5 Million, luckily 36 mil of that is stock grants and 67.5 of that is stock options so when the stock tanks because of this he won't be so highly paid.
Motorola = Dilbert's company
-but I want to be a Lion Tamer!
In a dramatic turn of events at the trial, a recording is played of the former CFO telling a room full of people that Moto's handset division "doesn't suck". He is escorted out of the court room in handcuffs.
Crooks have been running that company for years. The CEO of Motorola is making the most money of all U.S. CEOs and the company is still bleeding. Giving away money like that is just irresponsible. They've fired so many employees and screwed over so many investors, it's a shame.
Being the CFO, wouldn't have been him lieing to investors? Unless some one was intercepting his reports?