How would you fix LightSquared? Here's your chance
LightSquared, the wireless network company recently shot down by the FCC, is looking for a new CEO.
In light of the failure of the company to hold on to its waiver to operate a wireless network in satellite spectrum that is adjacent to GPS signals, the company's CEO, Sanjiv Ahuja, has resigned his post. According to a statement, he will continue to serve as chairman of the company's board.
Philip Falcone, CEO of Harbinger Capital, which contributed to LightSquared's $14 billion funding and who is now joining the company's board, said in the statement, "We … Read more