From Boardroom To Courtroom: A Retrospective Of The Motorola/Paul Liska Affair
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Today, ex-Motorola (NYSE: MOT) CFO Paul Liska accused his former employer of launching a smear campaign against him. Well, yes, Paul, that tends to happen when you file a wrongful termination suit against a multinational corporation. Let’s take a look back at the tortured history of these two.
Feb. 22, 2008
Liska takes over Motorola CFO duties from Tom Meredith (NYSE: MDP) as company’s handset sales slump. His mandate is clear: boost sales.
Industry Moves: Motorola Appoints Paul Liska CFO
Feb. 3, 2009
Almost a full year later, the handsets still aren’t selling. The company reports a fourth-quarter loss of $3.6 billion, and Liska announces he’s leaving the sinking ship.
Earnings: Motorola Posts $3.6 Billion Loss; Mobile Devices Sales Plummet
Much more, after the jump
March 5, 2009
... or was he pushed? Liksa files a wrongful termination suit against Motorola, claiming he was “involuntarily terminated for cause.” Also, he’s forced to return his $400,000 signing bonus. Double ouch.
Fired For Cause? Ex Motorola CFO Liska Sues Handset Maker
March 9, 2009
The plot thickens: Motorola claims that Liska is, in fact, a whistle blower! Dun-dun-duuun!
Fired Motorola CFO Liska Strikes Back; Was He A Whistleblower?
April 9, 2009
A month later, Motorola continues to pile on the claims against Liska, trying to counterbalance his suit. The company calls him “treasonous” and accuses him of trying to extort money.
Motorola Calls Former CFO a ‘Treacherous Officer’ Who Plotted Whistle-blower Defense
April 10, 2009
Sealed documents from the case start to leak out, and apparently, Liska was claiming that Motorola’s co-CEOs—Sanjay Jha and Greg Brown—were knowingly misstating sales forecasts.
Motorola’s Former CFO Alleges Company Misstated Financial Forecasts
April 13, 2009
Two analysts, asked how Liska’s claims would affect Motorola’s financials, conclude: not a whit.
Analyst Says Motorola’s Spat With Former CFO ‘Likely Ends With Little To No Impact To Motorola’
April 16, 2009
Motorola fires back with a new claim—- that Liska knowingly erased his company laptop’s hard drive.
Motorola Accuses Ex-CFO Liska Of Destroying Evidence
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