Gary Forsee out as Sprint's CEO
According to the Wall Street Journal, Sprint is currently looking for Gary Forsee's successor. Apparently, the firm's board began "quietly looking for a new leader in August," suggesting that key members had lost faith in current management. A new chief executive could be named by early December, and it's looking like the replacement will indeed be hired from outside of the company. Notably, the future of Sprint's substantial investment in WiMAX remains foggy, as certain analysts have questioned the sensibility of such a large commitment to a technology "that is so far unproven commercially." Regardless, it looks like a change in strategy will be the number one priority moving forward. [Warning: read link required subscription]
UPDATE: Gary Forsee has indeed stepped down. The firm's CFO, Paul Saleh, was named acting CEO, while James Hance, Jr. will serve as acting chairman.
[Via BloggingStocks, thanks Matt H. for the update]
