Jump to content

Lagging network progress costs Sprint CEO nearly 200K shares


Recommended Posts

http://bit.ly/12em4Fv

 

by Alyson Raletz Reporter-Kansas City Business Journal

 

Sprint Nextel Corp. CEO Dan Hesse had to forfeit nearly 200,000 shares of company stock this week because the wireless carrier is behind on its 4G LTE network deployment, according to a Friday filing with the Securities and Exchange Commission.

  • Like 2
Link to comment
Share on other sites

I agree, you know they were valid delays if the CEO lost over 1 mil because of it!

 

We should set up a PayPal relief fund for Dan.

 

AJ

  • Like 1
Link to comment
Share on other sites

 

We should set up a PayPal relief fund for Dan.

 

AJ

He should set up a PayPal fund for S4GRU, who knows how many customers have switched over or stayed due to the "free" advertising this site provides.

 

Sent from my SPH-L900 using Tapatalk 2

 

 

  • Like 7
Link to comment
Share on other sites

He should set up a PayPal fund for S4GRU...

 

I would prefer a slush fund for S4GRU.

 

AJ

  • Like 1
Link to comment
Share on other sites

He should set up a PayPal fund for S4GRU, who knows how many customers have switched over or stayed due to the "free" advertising this site provides.

 

Sent from my SPH-L900 using Tapatalk 2

 

I'd say someone "allows" this information to leak.

  • Like 1
Link to comment
Share on other sites

 

I'd say someone "allows" this information to leak.

Robert could probably attest to that better than I can, but I would say that they don't allow it. If they allowed it Robert wouldn't have trouble getting the information from sources, which I believe he has in the past.

 

Sent from my SPH-L900 using Tapatalk 2

 

 

Link to comment
Share on other sites

Tonight I'd call it a slosh fund...

 

Could we make it a Slash fund? I want to book him as keynote guitarist for S4GRU I/O at the Moscone Center in July.

 

299px-Slash_live_in_Rome_by_Paride.jpg

 

AJ

  • Like 5
Link to comment
Share on other sites

So we were not dreaming. Sprint has done either a bad job of accurate planning or a bad job of implementation. I find it hard to believe they will get back on schedule.

Shentel seems to have it figured out let them implement.

 

Quite a bit of this is at the mercy of the contractors.

Link to comment
Share on other sites

this http://investors.sprint.com/ShowFile.aspx?Output=XML&KeyFile=16005554&Format=XML

 

sure makes it look like he only lost out on 3,229 and 2,625 shares not anywhere near 200,000 shares.

http://www.sec.gov/Archives/edgar/data/101830/000120919113007335/xslF345X03/doc4.xml

 

The article linked to the wrong form.

Link to comment
Share on other sites

So we were not dreaming. Sprint has done either a bad job of accurate planning or a bad job of implementation. I find it hard to believe they will get back on schedule.

Shentel seems to have it figured out let them implement.

 

Shentel did a good job because they cover a small geographic area of largely rural communities in which they are very closely connected and familiar. Shentel is a local telecom utility/cable company and also owns a lot of their own fiber directly to their sites. If Sprint was only doing 30 counties in Appalachia, they wouldn't have any issues either.

 

Don't get me wrong, Shentel is doing a good job. But equating the two is not an apples to apples comparison. I'm sure if Chicago was an affiliate area, you would be congratulating them too for the speed of deployment there. Which is much more impressive than the Shentel deployment, all things considered. If we cherry pick markets, we can make any story we want about the deployment.

 

Robert via Nexus 7 with Tapatalk HD

  • Like 3
Link to comment
Share on other sites

So we were not dreaming. Sprint has done either a bad job of accurate planning or a bad job of implementation.

 

Really? This is purely an "either...or" proposition? There are no other factors in play?

 

For better, for worse, we live a results based society. Much of this is driven by fixation on monetary wealth and inability to analyze performance critically instead of just looking simplistically at results.

 

Thus, like so many CEOs, Dan gets paid way, way too much. And when the results do not meet expectations, he takes a bigger than deserved hit.

 

AJ

  • Like 1
Link to comment
Share on other sites

I recall the intial network vision or "project leapfrog" public discussions to have forecast completion of the project in either 2014/15 or 15/16. At that point, the completion date was more a matter of funding than anything else....and the reaction of many was "too little, too late" A year or less later, a new timeline was announced... The positivity of that schedule no doubt assisted Sprint in raising the 4 billion or so in funds for the project. I don't truly believe anyone was being dishonest, but I do believe the original plans took no setbacks into account. It was a "best case scenario/if all the stars align" schedule. If things that sprint is supposed to have in place for the network vendors (like backhaul) isn't on time, you also have to wonder how that impacts the cost agreement between sprint and the 3 vendors.

 

I do have a lingering fear that many of the rural, ground mount sites that are scheduled to be completed at the very end could end up falling into the trap that some of the very last markets to get 3G fell into years ago.... few crews, anemic concern.... But i've resigned myself to being happy if I get to use LTE here in 2014.

 

Anyway, stuff like this makes me appreciate Hesse. I don't recall hearing any embellished or lengthy excuses or "not my fault" nonsense in the 2012 reporting last week. That means he accepts responsibility for Sprint. Meanwhile, Gary Forsee is somewhere with his feet up still collecting his check.

  • Like 2
Link to comment
Share on other sites

This article was a breathe of fresh air! Glad to see one company still know how to but benchmarks in place that are simple and practical. When your the chief the buck stops at you. I am sure Mr.Hesse was not the only one who missed some money. What he is doing is vitally important to getting Sprint back in the big game.

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Guest
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

  • large.unreadcontent.png.6ef00db54e758d06

  • gallery_1_23_9202.png

  • Posts

    • Since this is kind of the general chat thread, I have to share this humorous story (at least it is to me): Since around February/March of this year, my S22U has been an absolute pain to charge. USB-C cables would immediately fall out and it progressively got worse and worse until it often took me a number of minutes to get the angle of the cable juuuussst right to get charging to occur at all (not exaggerating). The connection was so weak that even walking heavily could cause the cable to disconnect. I tried cleaning out the port with a stable, a paperclip, etc. Some dust/lint/dirt came out but the connection didn't improve one bit. Needless to say, this was a MONSTER headache and had me hating this phone. I just didn't have the finances right now for a replacement.  Which brings us to the night before last. I am angry as hell because I had spent five minutes trying to get this phone to charge and failed. I am looking in the port and I notice it doesn't look right. The walls look rough and, using a staple, the back and walls feel REALLY rough and very hard. I get some lint/dust out with the staple and it improves charging in the sense I can get it to charge but it doesn't remove any of the hard stuff. It's late and it's charging, so that's enough for now. I decide it's time to see if that hard stuff is part of the connector or not. More aggressive methods are needed! I work in a biochem lab and we have a lot of different sizes of disposable needles available. So, yesterday morning, while in the lab I grab a few different sizes of needles between 26AWG and 31 AWG. When I got home, I got to work and start probing the connector with the 26 AWG and 31 AWG needle. The stuff feels extremely hard, almost like it was part of the connector, but a bit does break off. Under examination of the bit, it's almost sandy with dust/lint embedded in it. It's not part of the connector but instead some sort of rock-hard crap! That's when I remember that I had done some rock hounding at the end of last year and in January. This involved lots of digging in very sandy/dusty soils; soils which bare more than a passing resemblance to the crap in the connector. We have our answer, this debris is basically compacted/cemented rock dust. Over time, moisture in the area combined with the compression from inserting the USB-C connector had turned it into cement. I start going nuts chiseling away at it with the 26 AWG needle. After about 5-10 minutes of constant chiseling and scraping with the 26AWG and 31AWG needles, I see the first signs of metal at the back of the connector. So it is metal around the outsides! Another 5 minutes of work and I have scraped away pretty much all of the crap in the connector. A few finishing passes with the 31AWG needle, a blast of compressed air, and it is time to see if this helped any. I plug my regular USB-C cable and holy crap it clicks into place; it hasn't done that since February! I pick up the phone and the cable has actually latched! The connector works pretty much like it did over a year ago, it's almost like having a brand new phone!
    • That's odd, they are usually almost lock step with TMO. I forgot to mention this also includes the September Security Update.
    • 417.55 MB September security update just downloaded here for S24+ unlocked   Edit:  after Sept security update install, checked and found a 13MB GP System update as well.  Still showing August 1st there however. 
    • T-Mobile is selling the rest of the 3.45GHz spectrum to Columbia Capital.  
    • Still nothing for my AT&T and Visible phones.
  • Recently Browsing

    • No registered users viewing this page.
×
×
  • Create New...