Forgot your password?
typodupeerror
Wireless Networking

LightSquared CEO Resigns Amid Appearance of Bribery 211

Posted by Unknown Lamer
from the punished-with-huge-severance-package dept.
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."
This discussion has been archived. No new comments can be posted.

LightSquared CEO Resigns Amid Appearance of Bribery

Comments Filter:
  • by ColdWetDog (752185) on Wednesday February 29, 2012 @12:39PM (#39198483) Homepage

    He attempt to do what many /.ers say happen all the time, and got busted.

    Oh, that's just because he tried to cheap it out. 28K for a Senate Seat, 50K for Obama.

    When you're in the big leagues, you've got to drop the big bucks. Remember this kids, you get what you pay for!

  • by geminidomino (614729) on Wednesday February 29, 2012 @12:45PM (#39198571) Journal

    Seriously? Chris Dodd basically dick-smacked the entire concept of "bribing government is bad" into non-existence, but they force this guy out?

    I guess that "contribution" wasn't big enough.

  • by steelfood (895457) on Wednesday February 29, 2012 @12:54PM (#39198729)

    He wasn't doing it right.

    First off, at that level, he needs to start bri *ahem* making campaign donations to everybody, not just to the President. Senators, congressmen, judges, even the ones running the party all need their cut. And he needs to be doing it over multiple election years.

    A few thousand dollars doesn't cut it anymore these days--at least not at the Federal level. To play in that game, he needs a warchest of at least half a million.

    Additionally, he needed a lobbying firm to do the dirty work on his behalf. If it was a lobbying firm who did the brib *ahem* gift-giving instead, he would be shielded from all this by plausible deniability and would have kept his job. He could've just fired the lobbying firm and re-hired them under a different company name *ahem* I mean find another one.

  • by Anonymous Coward on Wednesday February 29, 2012 @01:00PM (#39198799)

    Solyndra was considered by the Bush Administration and rejected.

    Team Obama picked it up and approved it.

    When it collapsed, they said it was Bush's fault. Unsurprising, since everything that goes wrong for them is Bush's fault.

  • by hairyfeet (841228) <bassbeast1968@NOspaM.gmail.com> on Wednesday February 29, 2012 @01:11PM (#39198957) Journal
    Sadly F&F was nothing under Bush, and Solyndra was just the tip of a VERY stinky iceberg, one of the Kennedy kids got millions in tax free handouts for a "green' company that had never made a single dime. I'd google it for you but I'm just about to head out the door "Solyndra tip of iceberg" in any search engine will find the info for you. Summary 19 out of the 20 companies that got huge handouts were significant donors to the elect Obama fund. I'm a democrat and hated Bush but Obama is trying his damnedest to be worse than Bush in EVERY single way, worse on human rights, worse on jack booted crap, worse on bribery, hell i can't think of a single thing the man did better and that's just fricking sad. if you want to see what changed read this [nothingchanged.org]. Frankly I'm voting green rather than waste my vote on such a lousy POTUS. don't worry he'll still win simply nobody is gonna vote for mittens.
  • by tragedy (27079) on Wednesday February 29, 2012 @01:14PM (#39199035)

    They all failed because they can't compete with China. US solar companies can't compete with Chinese solar companies because the Chinese government backs its renewable tech companies while the US doesn't.

  • by ShavedOrangutan (1930630) on Wednesday February 29, 2012 @01:14PM (#39199039)

    Ia lot of the noise about F&F is coming in the form of conspiracy theories from the NRA

    Mainstream news is almost totally ignoring the debacle, so at least one organization is talking about it.

    It's not really a conspiracy theory when gun dealers openly say, "Yeah, we knew that buyer was a drug runner but the ATF agent in our back office told us to sell him the guns anyways."

  • by Feyshtey (1523799) on Wednesday February 29, 2012 @01:27PM (#39199193)
    I think you could argue that it was a mistake to break the law to begin with... On the part of the CEO, and Democrat party reps, and the Obama administration....
  • by Anonymous Coward on Wednesday February 29, 2012 @01:37PM (#39199305)

    you're on slashdot. No evidence IS evidence of wrongdoing.

  • by HornWumpus (783565) on Wednesday February 29, 2012 @01:40PM (#39199367)

    Had it been left entirely up to the FCC they would have made their money.

    Their mistake was underestimating the strength of the push back from the GPS users and manufacturers.

    That and overestimating the power of law. They thought all they had to do was bribe someone to change the laws of physics.

  • by wganz (113345) on Wednesday February 29, 2012 @02:00PM (#39199675)

    Gunwalker started under Bush and was ended because the Mexican authorities weren't catching them on their side. The Mexican authorities were informed prior to the sale unlike F&F were it was unilaterally decided to let weapons go.

    Fast & Furious was 0bama's baby. We're three years into this mess and time for 0bama to 'man up' to take responsibilities.

"It's like deja vu all over again." -- Yogi Berra

Working...