Competition in the industry has been on the rise, especially when it comes to 4G technologies. Sprint, who claims to have the nation's first 4G network, may be facing some tough financial decisions in the coming months regarding expansion. According to the Wall Street Journal, Sprint is looking to make a "multibillion-dollar upgrade." Analysts predict that if they go forth with that, it would also give struggling Clearwire a large cash infusion. There is only one problem. Likely CFO candidate Joseph Euteneuer is caught up in an acquisition of Qwest by Century Link.
Sprint is clearly looking for new leadership when it comes to planning out its future for the next decade. These investments are huge decisions for the company considering they only actually generate 1-2 billion a year (WSJ). They are seeking to fill the position which will be vacant after the retirement of current CFO Robert Brust. The move will have several implications within the industry if it goes through, forcing competitors to upgrade their networks. Although nothing is definite, Mr. Euteneuer has dealt with large scale change in the past at his previous position with Sirius XM and would likely be a good fit for Sprint (WSJ).
From a personal standpoint I think that people such as Mr. Euteneuer should be commended even though I don't know a great deal about him. The article insinuates that he really takes his job seriously and is committed to his position because he refuses to resign to join Sprint until his company goes through the acquisition. Surely, Sprint would probably provide higher compensation, yet he remains committed to the current position. From a business perspective I think that may benefit Sprint in the long run when he is hired and may contribute to Sprint's revival, since currently hey are third in market share. It will be interesting to see how decisions such as these shape the wireless segment for years to come as most of these investments have long term effects.
http://online.wsj.com/article/SB10001424052748704756804575608680802278918.html?mod=WSJ_Tech_LEFTTopNews
I agree with you, Joe. I think that someone's devotion to a company says a lot about them and how they will work with different companies in the future. There are too many executives that are simply in the business to make money, whether it is honestly or not. Mr. Euteneuer will most likely benefit Sprint in the long-run, assuming that he continues to work ethically. If he does, it will also help Sprint's reputation.
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