still in the middle

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    • Fri Dec 14th 23:40 PM | Rating: 0 0
      Commented on:
      Sprint: Yet Another Bad Decision
      tired, you got it all wrong about Tim walking away. He went to the board and Forsee and said it was not working out and that they needed new direction. Forsee disagreed. Tim tried to have Forsee removed and have himself re-inserted as CEO. The board was forced to make a choice between Tim and Gary. They picked Gary, and forced Tim out. Then they made Gary chairman of the board. Several ex-Nextel board members resigned as a result.

      Even if you don't think Tim made the right decisions about the network that is not what kept Sprint Nextel from being successful. The iDen network has been at best ever performance levels for several quarters yet the high ARPU business customers are still fleeing at alarming rates. There are much more fundamental issues. One positive thing about Tim was that the stock went from $2/share to $30+/share with Tim at the helm. Shareholders sure did benefit from that..... As much as 1500% growth is great to dream about, I sure would like to see Sprint Nextel stock even return to its price at the time of the merger.
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    • Tue Dec 11th 11:42 AM | Rating: 0 0
      Commented on:
      Sprint: Yet Another Bad Decision
      Not sure what any of this has to do with liberals vs. conservatives, but I think the main issue is inability to retain customers. The network is not really as big an issue as the competition would like to think. The big difference is failure to execute on a winning strategy and keep customers. I worked close enough with both Forsee and Donahue during the merger to notice one big difference. Forsee wanted to stop the bleeding, and took many small steps in every direction as he could to turn the company around. In the end, it was just too many complex issues to fix with baby steps. And it was very reactionary. Tim brings revolution, and throws all his effort into a couple big items that he is willing to bet the farm on. This is risky, which is why the board is afraid to bring him on. He is a rebel, and sometimes unpredectible. However, after seeing the stock price plummet, bonuses revoked, and high value customers evaporate, it may just be time for a revolution. Otherwise, SPrint might as well sell itself to Google or someone else that will turn the company around.
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