Stock-Sale Issue Just Symptom at Motorola

So Christopher Galvin, CEO of Motorola Inc., had “absolutely no knowledge” that the company’s operating chief was about to quit when he sold 40,000 shares a day before the resignation announcement sent the stock plummeting [“Motorola CEO Defends Timing of Stock Sale,” July 31]?

Maybe this explains why this once-stellar company is but a shadow of its former self ever since Galvin’s father, son of the founder, turned over the reins of the company to him. If he’s so clueless as to not know what his second in command is doing, how can he be expected to be in touch with the operations of the company? Never has there been a better example of the first generation starting the company, the second generation growing the company and the third generation destroying it.

John Goodman

Oak Park