LightSquared CEO Resigns Amid Appearance of Bribery 211
New submitter msauve writes "LightSquared, the company who's request to use make use of spectrum in a way likely to interfere with GPS was recently denied, has suffered another setback. CEO Sanjiv Ahuja has now resigned, only a week after a report detailing political contributions and the personal financial interests of Obama and officials in his administration in SkyTerra, the precursor company to LightSquared.
Ahuja's one and only contribution to the Democratic Party occurred on the same day he tried to arrange a meeting with Obama administration officials, apparently as part of LightSquared's desire to fast track FCC approval of a change beneficial to the company."
Re:Important to note (Score:5, Funny)
Actually it was only 8K for the Senate seat. The Dems returned $20,000.
Must have been running a special that week.
Re:Important to note (Score:5, Funny)
Perhaps you can elaborate?
It's Obama's fault!
Further explanations are unnecessary and might complicate things.
Re:Important to note (Score:5, Funny)
Actually it was only 8K for the Senate seat. The Dems returned $20,000.
Must have been running a special that week.
8K should be enough for anybody.