Clearwire (CLWR) CEO Bill Morrow resigned yesterday for "personal reasons" amid a broad...

|By:, SA News Editor

Clearwire (CLWR) CEO Bill Morrow resigned yesterday for "personal reasons" amid a broad management shake-up. The company, building and managing the 4G network powering the service that Sprint (S) sells to its customers, has continued to burn through cash, illustrating the huge costs associated with building a brand-new network. CLWR -4% premarket. (PR)