Sprint CEO Leaves as Bad News Arrives Sprint, the third-largest cell phone company in the United States is under pressure from investors and customers. The company ousted Chairman and CEO Gary Forsee. The news comes as Sprint announces that it expects a loss this quarter, and subscribers continue to defect to other networks.

Sprint CEO Leaves as Bad News Arrives

Sprint CEO Leaves as Bad News Arrives

  • Download
  • <iframe src="https://www.npr.org/player/embed/15111000/15110706" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">
  • Transcript

The third-biggest cell phone company in the U.S. is under pressure from investors and customers. Now Sprint has ousted its Chairman and CEO Gary Forsee. That news comes as Sprint announced it expects a loss this quarter. Subscribers continue to defect to other networks. And the country's top two cell phone companies, AT&T and Verizon, have added many more subscribers this year. Two years ago Sprint acquired Nextel Communications for $35 billion. It was meant to make Sprint into a wireless powerhouse. But the company's stock has fallen 22 percent since then.