What John Legere Leaving as CEO Means for T-Mobile Investors
Mike Sievert cannot replace John Legere as T-Mobile (NASDAQ: TMUS) CEO. He will fill the position, and may even do a good job, but he's not going to be able to step into the space left empty by his predecessor next spring.
Legere used his brash personality to will T-Mobile to success when he took over the CEO role in 2012. By being a mix of Don King, Howard Stern, and Vince McMahon, he turned the No. 4 wireless carrier into a major player that will nearly equal AT&T (NYSE: T) and Verizon (NYSE: VZ) in subscribers once its merger with Sprint (NYSE: S) is completed.
Legere delighted in confounding his rivals by undermining his own industry. He forced the end of billing for overages, deceptive pricing, and wireless data limits. He created the Un-Carrier strategy that made T-Mobile a viable player, and it's hard to think that that would have worked without his brazen taunting of company rivals.
Source Fool.com
