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Sprint Nextel ended its two-month search for a new chief executive today, offering Dan Hesse ousted CEO Gary Forsee’s old office. Hesse was formerly the CEO of Embarq, a local telco that Sprint spun off last year, and once ran AT&T’s mobile-phone business, so he’s certainly got the chops for the job. “His history in [...]

Sprint Announces Q3 CEO Loss

Sprint Nextel has terminated CEO Gary Forsee’s contract–and not because of excessive calls to customer service. Under pressure from investors over the company’s deteriorating financial performance, Forsee stepped down as chairman and chief executive officer today, leaving as his legacy a lowered third-quarter earnings forecast and net loss of approximately 337,000 subscribers in Sprint’s key [...]