A Weblog of Centrist Voices in American Politics
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A Weblog of Centrist Voices in American Politics | |
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October 09, 2007CEO Fall Of The Day: Sprint Nextel Chief Gary ForseeForsee was ousted from the Spint Nextel top slot yesterday. His major failings were choosing a poor merger choice, with Nextel, and failing to oversee it well, and having a major shift to WiMax technology go sour on him. An Economist article I read several years ago said 60% of mergers fail, which suggests companies should be alot more careful about them. They suggested that many mergers are done because CEOs are bored instead of carefully thinking about the possible problems. WiMax technology seems to be having serious teething problems, because despite major demand, and the advent of several WiMax boards in alpha and beta for a year or so, you can't buy one as a consumer product. Forsee should've left any plans strictly as plans until WiMax made it past this stage. There are also rumors that early card generations are starting in the thousands of dollars. If Sprint was planning on the <$100 price point of 802.11, that might also make Sprint's plan unprofitable. Posted by Jon Kay at October 9, 2007 12:14 PMComments
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