Know the CEO, part 2

Here’s another example of a CEO – a new guy just appointed by Sprint. It’s an interesting story about a merger with T-Mobile that Sprint just quit pursuing – very exciting, especially for the employees of both companies.

The lead sentence in the article says : “Sprint Corp. S +0.55% Sprint Corp. on Wednesday replaced Chief Executive Dan Hesse with billionaire entrepreneur Marcelo Claure, and said its focus is on building the business.”

The second and last mention was many grafs later, when the article noted that Mr. Claure was a “Bolivian soccer fan.” IFO fails to see the relevance.

Anyway, the WSJ also said,

“He will receive a base salary of $1.5 million and a $500,000 signing bonus, and will be eligible for bonuses that could at least triple his salary.

A Bolivian soccer fan, the 43-year-old Mr. Claure built mobile phone distributor Brightstar Corp. into a company with more than $10 billion in revenue and a presence in more than 50 countries. SoftBank Corp. which also has a commanding stake in Sprint, bought control of Brightstar in January to give it more clout with makers of mobile phones and put Mr. Claure on Sprint’s board.

Okay. That’s all you have to go on. See what else you can find out and make your conclusion: Will Sprint turn around? If you think so, how will Mr. Claure do that? What past history does he have that makes you think that?

See, isn’t this fun?

Now, here is the act Mr. Claure has to follow: Dan Hesse. The linked article here reprints his final email to employees after 6.5 years on the job as Sprint CEO. I defy you to read it without getting out of breath.

Here’s a link to the Executives, including Mr. Hesse. Ask the sampe questions you asked about Mr. Claure. And here’s Hesse’s photo:

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About InvestingforOne

I've been investing in various assets by myself using a discount broker for many years. Over that time, I've developed some theories that others might find useful. Plus, there is more to investing than money. Time, talent, work, friends, family all go into developing a good and satisfactory strategy.
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