30 Notable IT Executive Moves: May 2012

Philip Falcone

The LightSquared wireless communications venture, which filed for Chapter 11 bankruptcy in mid-May, just can't seem to catch a break. Philip Falcone, the hedge-fund manager who's staked much of his personal wealth to LightSquared's success, said at the end of April he would "eventually" step down from managing LightSquared.


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