You forgot to mention the destruction of the Nextel business too where Sprint basically destroyed their own monopoly position in push to talk.
Really the removal of Hesse is about 3 plus years overdue...It was really very obvious back then that he did not have any idea of how to turn the company around.
With that said we are where we are.... but I think the bigger concern now has to be about the irrational behavior, the flip flopping and lack of a true business plan or direction from management for Sprint as well as Clearwire.
The chairman also said Sprint’s board supports Chief Executive Officer Dan Hesse and his management team. Sprint has tumbled 81 percent since Hesse took over in December 2007, through yesterday, compared with an 18 percent drop in the Standard & Poor’s 500 index. The decline, punctuated by the analyst day drop, has put the CEO “on thin ice,” said Ed Snyder, an analyst with Charter Equity Research in San Francisco.
“There’s really no thought of doing anything with anyone on the management team,” Hance said. “We are supportive of management.”