Equity4all

Dan Hesse, Sprint, and the Anatomy of Taking a CEO Job

God speed Dan! You are a good man and deserve to succeed; however, your predecessors left you with a financial mess on your hands and that is probably what you couldn't tell anyone since it was not publicly known at that point. Saleh kept buying back stock and paying dividends when he should have been paying down debt. But, Saleh is from the cowboy school of finance, lever up the company, collect a nice fat pay check, and cash out once the company is sold, if it lasts that long. Their's was a risky short-term strategy that saddled Sprint with massive debt, dated iDEN network that needs to transition spectrum, and now execution problems in a slowing economy. You didn't deserve this but I believe you can turn it around if you can keep the financial side of the ship from listing and sinking you.

God bless and good luck!