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Sprint Nextel CEO bounced like a drop call
LisbethJ
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0
10-8-2007 7:42 PM
145 views
tags:
sprint
,
nextel
,
ceo
,
fired
LisbethJ
says:
Calls aren't the only thing that Sprint is dropping
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<div style="margin: 12px 0px; font-family: arial; color: #333333; background: #ffffff; border: solid 4px #e5e5e5; width: 100%; clear: left;"><div class="CM_CTB_Content_Wrap" style="margin: 0px; padding: 0px;background-color: #ffffff;"><div style="border-bottom: solid 1px #dcdcdc; white-space: nowrap; margin-bottom: 8px; background-color: #eeeeee ;background-image: url(http://clipmarks.com/images/source-bg.gif); background-repeat: repeat-x; height: 24px; line-height: 24px; vertical-align: middle; padding-bottom: 4px; color: #666666; font-size: 10px;" ><a href="http://clipmarks.com/clip-to-blog/" title="see clips that are hot right now"><img src="http://content.clipmarks.com/blog_embed/7b5552c9-9f73-4105-aed0-14c3a30c0390/59DC8F99-FEEE-43F6-A3A4-61CEEA30B075/" alt="" width="19" height="19" border="0" style="vertical-align: middle; margin: 0px 4px; display: inline; border: none; float:none;" /></a>clipped from <a title="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5" href="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5" style="font-size: 11px;">www.news.com</a></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5"><H1>Sprint Nextel CEO forced out</H1></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5"><P>Sprint Nextel said Monday that CEO Gary Forsee has stepped down as chairman and chief executive officer effective immediately.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5"><P>Forsee's departure comes as investors, upset over the company's poor performance, have put pressure on the board of directors to make a change at the top.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5"><P>The company said Chief Financial Officer Paul Saleh will become acting CEO until the board is able to find a replacement for Forsee. And board member James Hance, Jr., will assume the role as a non-executive chairman of the board, the company said.</P></blockquote><div style="height: 2px; font-size: 2px; background: #dcdcdc; border-bottom: solid 1px #f5f5f5; margin: 2px 4px;"></div><blockquote style="text-align: left; padding: 0px 8px; margin: 4px 0px 8px 0px; background: transparent; border: none;" cite="http://www.news.com/8301-10784_3-9793143-7.html?part=rss&subj=news&tag=2547-1_3-0-5"><P>"We fully expect that the search will be concluded in a timely manner and we are focused on selecting the right candidate to guide the company to achieve its full potential," Hockaday said in a <A href="http://www2.sprint.com/mr/news_dtl.do?id=18200">statement</A>. "Sprint Nextel has the assets, spectrum, customer base and technology to be the leader in wireless mobility services."</P></blockquote></div><div style="margin: 0px 6px 6px 4px;"><table style="font-size: 11px;border-spacing: 0px;padding: 0px;" cellpadding="0" cellspacing="0" width="100%"><tr><td style="background:transparent;border-width:0px;padding:0px;"> </td><td align="right" style="background:transparent;border-width:0px;padding:0px;width:107px" width="107"><a href="http://clipmarks.com/share/59DC8F99-FEEE-43F6-A3A4-61CEEA30B075/blog/" title="blog or email this clip"><img src="http://content8.clipmarks.com/images/c2b-foot.png" border="0" alt="blog it" width="107" height="17" style="border-width:0px;padding:0px;margin:0px;" /></a></td></tr></table></div></div>
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