Blog: John Myers

« Testing IPTV | Main | Mapping the US Genome... Broadband Style »

Another pelt for Wall Street

Wall Street analysts have claimed another "pelt" or "head" for their collective collection. Gary Forsee has resigned his post as CEO of Sprint. Kim Hart has an excellent view of the Wall Street metrics that Forsee failed to meet and/or the reasons that Wall Street used to turn against the CEO of a company that they felt was under-performing.

Now, I'm not saying that Forsee probably didn't deserve to lose his job. Yes, Sprint was lagging in the several key areas including a loss of subscribers ( how do you do that...? perhaps fire about a 1000 in a VERY public manner.... ). However, this is yet another example of the short-term view that many in the US public equity markets take. Sprint has strong brand, networks, etc. I don't think that they need to fire the architect of their M&A and financial plans to justify adjustments in those plans to the investor community....

Technorati Tags: Telecommunications, Telecom, Gary Forsee, Sprint, Kim Hart

Share: