Equity4all

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

S employee:

Dan Hesse, who I believe is a good man, finds himself in an untenable position; but, he can I believe, turn your ship around if he has enough time to enact his strategy, if it is executed properly and if the financial picture of the company can be rectified and held together long enough for him to meet his objectives.

If you don't like where you are remember this; you live in America, where you can exercise the right to work wherever and for whomever you want. Instead of writing negative things about the company you work for, I would suggest that you seek another employer since it is apparent, that you are psychologically defeated and that is neither good for you, or the company you work for. You should do yourself and your employer a favor, and exercise the aforementioned right of employment that is afforded you by this great country we live in, and move on.

IMHO S's financial picture is bleak. It WAS a result of the merger. My opinion is that GF, TD, MA and PS executed their short-term strategy and succeeded at the company's and shareholders' expense. That strategy was to:

Lever Nxtl with no intention of ever paying down the debt, but to perform bond exchanges ad infinitum until a buyer could be found to foist the debt and company upon; put together a specious spectrum swap transition plan for iDEN that is now S's bane, have S pay way too much for Nxtl's assets and the cadre of execs would stay on board long enough so that all could be paid handsomely while exercising stock options of the combined company's 'watered stock', and then bail out multi-millionaires just before the write-down of massive Good-Will was reported, never to work again. That was it in a nutshell and it worked well for them but hurt a lot of people who trusted that they were in it for the long haul.

Of course all have one thing in common. Cupidity and the knowledge to use OPM to garner control and power. People are predictably attracted to the money, and really don't care where it comes, ill-gotten or otherwise, as long as it is directed to them.

This is of course my own opinion regarding your company's past and present situation. I do not and have never owned S stock nor do I or have I ever shorted it. This is simply an expression of my opinion based on anecdotal data dots that I have connected.

Good luck with your job search.