T-Mobile’s Longtime C.E.O., John Legere, Will Step Down - News Summed Up

T-Mobile’s Longtime C.E.O., John Legere, Will Step Down


Despite a few bumps, the company’s acquisition of Sprint, which is controlled by SoftBank of Japan, had been moving forward over the last two years. But a significant hurdle remains: a lawsuit filed by attorneys general from 15 states and the District of Columbia who are trying to block the merger. During this period of uncertainty, Mr. Legere was also considered for the job of chief executive at another company controlled by SoftBank: the commercial real estate start-up WeWork. SoftBank recently bailed out WeWork, and Sprint’s executive chairman, Marcelo Claure, became WeWork’s executive chairman as part of SoftBank’s rescue effort. The possibility of Mr. Legere’s move raised questions of a possible conflict of interest because of Softbank’s role with both WeWork and Sprint, the T-Mobile merger partner.


Source: New York Times November 18, 2019 14:09 UTC



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