My opinions are mine, not yours, no one says you have to agree with them! =)
Already wobbly T-Mobile took a huge financial hit during the AT&T deal, with customers who didn't want to be AT&T customers fleeing the carrier while many business activities were put into neutral. As is usually the case the lower level employees paid for T-Mobile's bad idea, the company last March announcing at least 1,000 layoffs with more in the works.
As promised, T-Mobile CEO Philip Humm is alerting employees to a new round of layoffs this week, though Humm isn't yet getting specific about the totals for this round of layoffs.
While cutting a CEO's pay (or job) may "feel" good to some people, the alleged lack of fairness means nothing in the real world. If the company's Board of Directors believes the CEO is not worth his compensation, then that CEO becomes a former CEO, one way or another and in a fairly prompt manner.
A business can choose to be "fair", or it can choose to be "good" or "excellent"; the most former will likely fail, and the most latter will likely succeed... the middle choice will succeed for a while while treading water, but will eventually run out of steam.
"Non Impediti Ratione Cogitationis"
Jim Alling Appointed as Interim CEO at T-Mobile USA
BELLEVUE, Wash. and BONN - Jun. 27, 2012
Philipp Humm, resigned as CEO of T-Mobile USA, Deutsche Telekom's mobile business in the USA. Jim Alling, Chief Operating Officer of T-Mobile USA, will take over the duties of CEO on an interim basis while a search is underway.
Humm is going to pursue a career outside of Deutsche Telekom so as to reunite with his family, which stayed back in Europe. Humm joined Deutsche Telekom in 2005, and was initially responsible for the company's mobile business in Germany. In 2008 he took on the responsibility of managing the sales and service activities of the European mobile companies within Deutsche Telekom Group. In May 2010 he moved to T-Mobile USA., taking over as CEO in November of that year.
René Obermann thanked Humm for his contribution over the past seven years saying: "Philipp Humm has given the company some important initiatives over the past years: Under his leadership the cost situation at T-Mobile USA has vastly improved and he led the company during a difficult phase regarding the planned merger with AT&T." In terms of a potential successor Obermann said: "Now we need somebody who can convert initiatives into market-successes."
Vodafone has split its chief executive position for the overseeing of Europe, and Humm will become chief executive of Vodafone's Northern and Central Europe business-which includes the U.K. and Germany-while Paolo Bertoluzzo, currently CEO of Vodafone Italy, will run Vodafone businesses in Southern Europe.