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Motorola Chief Greg Brown Takes Heat From Angry Investors

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Pretty soon Motorola (NYSE: MOT) CEO Greg Brown will be able to trademark the gritted-teeth smile. At the company's annual meeting on Monday, angry shareholders blasted Brown over the struggling handset maker's efforts to get it together, reports the Chicago Tribune. Several called for his removal: "Put up, or get out" was one useful suggestion. Others called the upcoming spin-off of the company a "cop-out." Many wanted to know where Motorola's response to Apple's iPhone was.

Brown tried his best to deflect questions, with Reuters reporting he "repeatedly calmly thanked shareholders for their candor," promising that the company had "wonderful things" in store, though, much to the chagrin of shareholders, he didn't give away what these wonderful things might be—though he did promise a new lineup of phones that would cater to "multiple market segments around the world".

But like other handset makers, Motorola is now seeking a closer relationship with consumers, with Brown telling investors that in the past the company had been a "technology-lead" one, and they were now taking steps to become a "consumer-lead company." Brown did not elaborate either on the specific date of the company's intended spinoff, reiterating it would happen sometime in 2009.

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