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Time4aNAP
Premium
join:2007-04-09
Des Plaines, IL
| reply to rodrod5
Re: TimeWarner huh
said by rodrod5  :First Sprint ION and now this....Sprint sure has a way of spending a ton of money on something then dumping it suddenly Sadly, Sprint is yet another company that could really go places if not for ignorant shareholders. I've gotten to know quite a few stock traders recently. All of them buy and sell based on matters that require expert knowledge. Not one of them possess any expert knowledge of the technology businesses that they, unfortunately, own and control.
It must really suck to be a brilliant top executive at Sprint, who is poised to capture an entire market through forward thinking, only to get cut off at the last second by Nervous Nellie Luddites whose only interest is making money fast. People who honestly believe that the fax machine is high-tech have no business in corporate governance. | |
old_dawg
"I Know Noting..."
join:2001-09-22
Westminster, MD
| quote:
It must really suck to be a brilliant top executive at Sprint, who is poised to capture an entire market through forward thinking...
Yup, ol' Gary Forsee is one smart cookie allright:
Forsee has been under fire from investors since, as the head of Sprint, he orchestrated the company’s 2005 merger with Nextel. The deal hasn’t lived up to its billing, with subscriber growth slowing and Nextel’s creaky network taking a toll on call quality. That has helped drive down the combined company’s stock 26% since the deal was closed.
According the filing (go to page 51 here to see it for yourself), Forsee would receive an exit package valued as high as $52.7 million if he were terminated from the company.
»blogs.wsj.com/deals/2007/04/10/a···-forsee/
5,000 employees kicked to the curb while you engineer a 50->60 million $$$ personal severance package. That's one brilliant top executive for sure !!!. 
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"Our network engineers are aware of the problem..." | |
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