Printed from http://www.electronista.com

Clearwire CEO leaves for 'personal reasons'

updated 05:05 pm EST, Thu March 10, 2011

Clearwire CEO Morrow out

Clearwire raised concerns about its financial state on Thursday as company CEO Bill Morrow resigned both from the top spot and as director of the board. He didn't give more than "personal reasons." Board chairman John Stanton (pictured) would take over on an interim level while Morrow would be on tap as an advisor while the 4G company looked for a permanent CEO replacement.

The exit may be due to the lack of progress in turning Clearwire around. Its network costs have been expensive to where it has been selling debt to raise cash. It ultimately dropped its retail stores altogether as it couldn't justify the cost while it was still trying to roll out its own network.

Sprint has publicly remained loyal, but the company has been increasingly been exploring options that wouldn't tie its fate to a company on uncertain grounds. Leaks have had it talking to LightSquared in what could involve a switch to LTE for 4G, and Sprint has even been rumored buying T-Mobile USA in a move that could quickly spell the end of WiMAX given T-Mobile's faster HSPA+ 3G.

While sometimes forthright, "personal reasons" are often used as euphemisms to create the image of a friendly departure when corporate differences prompted an involuntary exit.



By Electronista Staff
toggle

Comments

Login Here

Not a member of the MacNN forums? Register now for free.

toggle

Network Headlines

toggle

Most Popular

Sponsor

Recent Reviews

Sound Blaster Roar Bluetooth speaker

There could very well be a new king of the hill for Bluetooth speakers, with Sound Blaster's recent entry into the marketplace. Bringi ...

Kenu Airframe Plus

Simple, stylish and effective, the Kenu Airframe + portable car mount is the latest addition to Kenu's lineup. Released earlier this y ...

Plantronics Rig Surround 7.1 headset

Trying to capture the true soundscape of video games can be a daunting task. Looking to surround-sound home theater options, users hav ...

Sponsor

toggle

Most Commented

 
toggle

Popular News