Iridium CEO Steps Down
from the this-a-bad-week-to-be-a-CEO dept
Iridium's board has apparently decided they've had enough of their CEO. This is not a big surprise at all, considering they missed their sales targets by ridiculous amounts. What gets me is that everyone has been telling them this would happen for years. There were so many reasons why Iridium should fail. It was a insanely expensive project with a very small target market, and a fairly cheap alternative (cell phones) which while not as comprehensive (say, if you're sailing the seven seas), good enough in many cases. I never could figure out what sort of market acceptance tests Iridium did for a $3,000 phone the size of a brick...
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