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story category Clearwire Nabs New CEO
Former Vodafone CEO William T. Morrow
(old news - 09:15AM Tuesday Mar 10 2009)
tags: competition · coverage · business · wireless · Verizon Wireless Broadband · Clearwire Wireless
Last week, the Sprint Clearwire joint venture announced they'd be deploying the new mobile WiMax service in eight new locations in 2009 (it's currently only offered in Baltimore and Portland). This week, the company announced that they'd found a new CEO: supposed turnaround specialist William T. Morrow. Morrow previously was an executive at Pacific Gas & Electric, and was CEO of Verizon partner Vodafone in Europe. That knowledge should come in handy, considering that Clearwire is now engaged in a race for the 4G crown, and hopes to have Mobile WiMax service seriously deployed before Verizon can get LTE out of the garage.

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  5. Clearwire Teams With Cisco
  6. Clearwire Launches In Ten New Markets
  7. Verizon's New Wireless Pricing Is An Insult
  8. Clearwire Launching In Chicago October 6
Forums » Clearwire Nabs New CEO
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hopeflicker
Capitalism breeds greed
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???

Clearwire Nabs New CEO and offers a million dollar salary.

wifi4milez
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Re: ???

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
While I am not sure where you came up with that number, what exactly is the problem with that??
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GOLFnSUN
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Re: ???

said by wifi4milez See Profile :

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
While I am not sure where you came up with that number, what exactly is the problem with that??
Nothing. They hired him partly because of his international experience where Clearwire also hopes to make major inroads. They are paying not just for mgt ability, but for contacts in the EU and Asia where he has held executive positions. The CEO is more than just a manager, he is also the major lobbyist and interface to gov't officials.
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hopeflicker
Capitalism breeds greed
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said by wifi4milez See Profile :

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
While I am not sure where you came up with that number, what exactly is the problem with that??
You have no problem with over paid CEO's?

Smile__
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Re: ???

One million is nothing..

hopeflicker
Capitalism breeds greed
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Re: ???

said by Smile__ See Profile :

One million is nothing..
yeah, i know. I was low balling. I noticed he only made about half a million at his previous employment.

wifi4milez
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said by hopeflicker See Profile :

said by wifi4milez See Profile :

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
While I am not sure where you came up with that number, what exactly is the problem with that??
You have no problem with over paid CEO's?
None whatsoever. Perhaps you are referring to the CEO's of the companies being bailed out that are being paid high salaries, and that is a different story. Not that I necessarily have an issue with that either, however in those cases it certainly should be looked at more closely.
--
When you can't make them see the light, make them feel the heat.
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wifi4milez
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said by hopeflicker See Profile :

said by wifi4milez See Profile :

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
While I am not sure where you came up with that number, what exactly is the problem with that??
You have no problem with over paid CEO's?
I would also not really consider $1m to be "overpaid" anyway. There are many CEO's (and general business people) who make a lot more than that.
--
When you can't make them see the light, make them feel the heat.
-Ronald Reagan-


hopeflicker
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Re: ???

said by wifi4milez See Profile :

I would also not really consider $1m to be "overpaid" anyway. There are many CEO's (and general business people) who make a lot more than that.
yeah, im aware of that. imo, 1 million is quite extensive especially when it comes to those that are in the position of saving/protecting lives.

Sometimes we have to ask ourselves, what's more important, saving lives or maximizing profits?
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Big Pete 82

join:2009-01-30
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Re: ???

Sometimes we have to ask ourselves, what's more important, saving lives or maximizing profits?
How about getting paid to build up a struggling company that has the potential to put food on the table for thousands of employees and shareholders, as well as bring a communication/data product to the marketplace that has the potential to "save lives." First responders will likely be using much of this technology to get the job done... Its not as one dimensional as you may think...

hopeflicker
Capitalism breeds greed
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1 edit

Re: ???

said by Big Pete 82 See Profile :

Sometimes we have to ask ourselves, what's more important, saving lives or maximizing profits?
How about getting paid to build up a struggling company that has the potential to put food on the table for thousands of employees and shareholders, as well as bring a communication/data product to the marketplace that has the potential to "save lives." First responders will likely be using much of this technology to get the job done... Its not as one dimensional as you may think...
Can we still pay them millions when their company tanks too?
How about golden parachutes?

Those CEO's can still provide all that you said with smaller salaries.

edit: dont get me started on ballplayers salaries
::cough:: Manny ::cough:: Ramirez

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Big Pete 82

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Re: ???

said by hopeflicker See Profile :

Those CEO's can still provide all that you said with smaller salaries.
Sure, CEO's can still provide all that with smaller salaries, but I'm sure you could provide the same services you do at a lower salary too. Why don't you? Probably because you CAN get paid what you do. Many CEO's get paid what they do because they are THAT good at what they do. Some aren't, but its a gamble that the company decides to take because its what they think they need to do to stay competitive.

I've got a problem with Golden Parachutes only in that it gives CEOs an incentive to sell the company, often times driving down the company's stock price to do so. I don't have a problem with Execs making boatloads just like I don't have a problem with athletes or movie stars making boatloads. If their job is in high demand then pay what the market will bear. That goes for any job, not just execs. Its why you wouldn't take less if you didn't have to.

hopeflicker
Capitalism breeds greed
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Re: ???

said by Big Pete 82 See Profile :

said by hopeflicker See Profile :

Those CEO's can still provide all that you said with smaller salaries.
Sure, CEO's can still provide all that with smaller salaries, but I'm sure you could provide the same services you do at a lower salary too. Why don't you?

Unlike CEO's, Im not over paid.
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There is no love untouched by hate
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Big Pete 82

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Re: ???

said by hopeflicker See Profile :

Unlike CEO's, Im not over paid.
That statement is both a matter of opinion as well as a matter of perspective. Tell that to someone living on less than a dollar a day in Africa... The pay ratio between you and that struggling African is the same as the pay ratio between the "overpaid" CEO and you.

wifi4milez
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said by hopeflicker See Profile :

Sometimes we have to ask ourselves, what's more important, saving lives or maximizing profits?
What does that have to do with anything?? We are talking about a wireless company here, not a cancer vaccine development lab or something like that........
--
When you can't make them see the light, make them feel the heat.
-Ronald Reagan-

bac522

join:2003-08-04
Manchester, NH

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
How were you able to determine he is making a million dollar salary? I'm unable to find that information.

hopeflicker
Capitalism breeds greed
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Re: ???

said by bac522 See Profile :

said by hopeflicker See Profile :

Clearwire Nabs New CEO and offers a million dollar salary.
How were you able to determine he is making a million dollar salary? I'm unable to find that information.
Well, he made about 600K at this old job, this is just an assumption on my part. A very low assumption. He'll probably much, much more now.
--
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There is no peace without a war
There is no wisdom without regret
No admiration without scorn

ninjatutle
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hmmm

"Morrow previously was an executive at Pacific Gas & Electric"

PG&E, I love this company...



PG&E was forced to enter Chapter 11 bankruptcy April 6, 2001. The State of California bailed out the utility, the cost of which worsened an already bad state budget situation. This played an important part in the eventual recall of California Governor Gray Davis.

PG&E emerged from bankruptcy in April 2004, after distributing $10.2 billion to hundreds of creditors. Its 4.8 million electricity customers are expected to pay an average $1,300 to $1,700 each in above-market prices through 2012.

PG&E was one of the most profitable companies on the Fortune 500 list for 2005 with $4.5 billion in profits out of $11 billion in revenue.
WTF?

»en.wikipedia.org/wiki/Pacific_Ga···nkruptcy
avantwireles

join:2003-03-21
Reno, NV

Re: hmmm

PG&E is two companies, the parent is paid billions by the child and the parent makes all the money. The child delivers energy to CA and went BK. Rather than the parent bailing out the child the State of CA had to bail out the child to keep watts going to the people of CA. I'll bet his "expertise" helped make this financial windfall for the investors and that is a big part of why he's "worth it"... We need to get it through our thick heads there are two classes of "investors" now. The insiders and the outsiders. Some made 10's of millions on Enron and AIG, the regular stockholders get tossed to the lions nowadays... Boards want the execs who have a handle on this...
Forums » Clearwire Nabs New CEO


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