LightSquared CEO quits
In a letter to the board Sanjiv Ahuja has resigned as CEO of LightSquared. We find it interesting that he gave no reason other than his contract had expired. It seems he may continue to serve on the board. Sanjiv is a smart guy and must have many options globally but we really thought that LightSquared could have been his calling. Not that he needs to prove himself, his track record is fantastic. So why quit now? He must have known that the technology had risks and it was going to take time and persistence to ensure success in a venture where they were going after the mighty AT&T and Verizon? So a small little hitch like the US regulators withdrawing launch permission is enough for him to throw in the towel? It does not make sense, he likes a challenge, has vision, experience and is probably well paid, so why not stick it out?
Could it be that there is something wrong with the economics of building a wholesale network? Or he realized the technology would never work? Or could Harbinger have panicked after already investing $2bn of the originally committed $14bn?
We will explore all of these alternatives over the next few days, starting with the myths of a wireless network performance. (c) Alphasynb
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