5,000 T-Mobile Employees Lost Their Jobs Post-Merger While Ex-CEO John Legere Saw A $137 Million Golden Parachute

5,000 T-Mobile Employees Lost Their Jobs Post-Merger While Ex-CEO John Legere Saw A $137 Million Golden Parachute

3 years ago
Anonymous $4BDEsVAtYS

https://www.techdirt.com/articles/20210423/09130146665/5000-t-mobile-employees-lost-their-jobs-post-merger-while-ex-ceo-john-legere-saw-137-million-golden-parachute.shtml

To be clear, former T-Mobile CEO John Legere did some amazing things with T-Mobile. After regulators blocked AT&T from acquiring T-Mobile in 2011 (which wound up being a very good thing), he took the $3 billion break up fee and turned an also-ran into a major thorn in the side of AT&T and Verizon. Legere accomplished this by (gasp) generally treating consumers well, eliminating annoyances like long-term contracts, sneaky fees, and many other telecom industry mainstays. He also did it by embracing an entertaining, wise ass persona in an industry not known for having a sense of humor.

But then, T-Mobile owners Deutsche Telekom decided it would be a good idea to throw all of this away by pursuing a $26 billion merger with Sprint. That suddenly forced Legere into a position where he had to behave exactly like the companies he'd just spent a decade making fun of. That included lying a lot about the benefits of the deal as the company tried to sell the Trump administration on the competition and job-eroding megadeal (that wound up not being particularly difficult, since the industry-allied Trump FCC and DOJ didn't care about hard data).