Gary Forsee was forced out of the CEO position at Sprint Nextel this week, and
handed parting gifts of around $55 million. My question is "why now"? I mean, the stock's up over his four years, and they did it right before the opening of the Sprint Center - an occasion where they could have projected an image of strength and stability instead of having to scurry around to find someone to cut the ribbon. Even if they thought he wasn't doing a good job, the timing was poor and odd.
Could the answer be found in Washington?
This past week, the House Judiciary and Intelligence Committee approved some changes to the FISA, and
one of the bones of contention is whether Congress will give telecom companies secrecy and immunity for their cooperation with the people who want to spy on Americans. Could it be that Forsee lost his job because he allowed the NSA to spy on Sprint customers? Could it be that in the boardrooms of Sprint, the "powers that be" canned him not because of mediocre performance (they should be accustomed to that), but because he violated the privacy of Sprint customers - a breach of faith that could expose the company to bankrupting lawsuits and a PR nightmare equivalent to Bhopal and tainted Tylenol?
Let's be clear here - I have zero evidence to support my theory, beyond the fact that Sprint chose an awkward time to fire its leader, and that time coincides with the possibility that the American public might find out who has been allowing the Bush administration to listen to its calls. And that $55 million would sure buy him a nice place in Costa Rica . . .
Labels: bush, spying