Monday, 26 June 2017

Equipment makers in executive exodus

By Mary Lennighan, Total Telecom
Tuesday 29 December 09

The vendors bore the brunt of management upheaval in 2009, with a number of CEOs, top-level execs leaving the telecoms space.

Almost without exception, the telecoms industry's leading equipment manufacturers have lost key personnel over the past 12 months, although some went more quietly than others. The first to go was former Motorola finance chief Paul Liska, who left the ailing U.S. vendor in February as it announced a hefty fourth-quarter loss. Initially Moto declined to comment on Liska's departure, aside from the usual banalities, implying that his expertise in restructuring was no longer needed since the spinoff of the Devices business would likely be postponed due to the economic environment. However, later that month, Liska filed a wrongful dismissal lawsuit, and in an SEC filing in March Moto made reference to Liska's "involuntary termination for cause", i.e., for somehow failing in his duties or some form of misconduct. Liska expressed surprise at the revelation…

Almost without exception, the telecoms industry's leading equipment manufacturers have lost key personnel over the past 12 months, although some went more quietly than others. The first to go was former Motorola finance chief Paul Liska, who left the ailing U.S. vendor in February as it announced a hefty fourth-quarter loss. Initially Moto declined to comment on Liska's departure, aside from the usual banalities, implying that his expertise in restructuring was no longer needed since the spinoff of the Devices business would likely be postponed due to the economic environment. However, later that month, Liska filed a wrongful dismissal lawsuit, and in an SEC filing in March Moto made reference to Liska's "involuntary termination for cause", i.e., for somehow failing in his duties or some form of misconduct. Liska expressed surprise at the revelation…

Please login or register to view this content

Please enable JavaScript to view the comments powered by Disqus.

Newsletter signup

Quickly get on board and up to date with the telecoms industry