LightSquared CEO Resigns Amid Appearance of Bribery
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."
He attempt to do what many /.ers say happen all the time, and got busted.
The Kruger Dunning explains most post on
I would consider this to be a first for briber/contribution/lining the pockets of politicians. If only all instances of this were well documented enough to make face of what is happening in our country. Politicians being bought out by the big companies.
Not the technology part; that works. I just mean I knew they'd somehow keep it from ever reaching the consumer. It would simply have given high-speed network access to too many people way too cheaply.
...but I have my doubts that a "report" by The Daily Caller had much to do with anything (regardless of its accuracy). Lightsquared's problems seem to run a little deeper than that.
Kythe
It's an election year so they're probably happy to accept any money they can get, but I wonder if anyone within the administration or the DNC itself is going to get some smackdown for this incident.
Occasionally living proof of the Ballmer peak.
There's absolutely nothing new about this situation. It's a fact of modern political life that if you want face time with a politician you have to donate to their campaign. Planet Money did an interesting podcast about the concept of political fundraisers in Washington that really sheds light on the problem: http://www.npr.org/blogs/money/2011/11/01/141913370/the-tuesday-podcast-inside-washingtons-money-machine
Wait!! Are you trying to tell me that a company making political campaign donations in an effort to encourage politicians to view their business interests favourably is considered bribery? Wow, someone might want to tell, you know, EVERY MAJOR COMPANY IN THE WESTERN WORLD!! Jesus, this is happening every day, all day, everywhere.
"...the company who's request...."
[facepalm] Um yeah... "who's" is not the droid you're looking for.
When the people in the White House do things the Chicago Way in Washington it is a felony.
the company who's request to use make use of spectrum
If political contributions are not intended to sway the people in charge, or to be in charge, what are they for?
Why would a public company, whose goal is to maximize shareholder value, would give money to politicians if not in hopes of getting some sort of favorable treatment? And if they do it, why would you blame them? I would be upset if a company I have invested money into were to give money to people without hope of getting anything back in return.
The supreme court said it was OK, so it must be OK.
Maybe it's OK as long as you do not do it in a too obvious way?
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.
Did you check it? It gives me a full-screen businessweek ad followed by a 404. Now which one of us is a shill?
Does it bother anyone else that the logo for LightSquared is a cube?
Isn't it great how you can inssinuate something unfounded simply by introducing a question mark?
I read the article and it doesn't seem to me that there's much "there" there. The home page of the site also suggests the Daily Caller runs rather right of center. For example there is a bit by Clarence Thomas's wife with conservative former Ohio politician Ken Blackwell profiled as a "leader". Mrs. Thomas has been involved with tea party groups and Mr. Blackwell is someone I would personally describe as something of a partisan hack.
This is enough to get someone to resign on the appearance of Bribery but Chris Dodd's blatant admission of buying representation is not? double standard continues for elected officials.
I swear they give me mod points to shut me up.
Its corrupt in the USA, but not that corrupt.
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.
What's the story here? It is completely legal in this great country of ours for companies to bribe, err I mean donate money to political figures. Remember, corporations are "people" and money is "free speech." And it's also business as usual for cronies, err I mean politicians, to give preferential treatment to their buddies.
So what's different about this deal that warranted an article describing something that happens every day here?
giggity
He didn't get fired for trying to bribe the administration. He got fired for not being successful at it.
Some mornings it's hardly worth chewing through the restraints to get out of bed.
It's when they act on those bribes I have a problem.
Really.
There are two options here that are absolutely fine:
1) They were going to do that anyway. The problem is the perception of influence here.
2) They weren't going to do that and they take the bribe and still don't to it. What's the briber going to do? Tell everyone that the politician is dishonest 'cos they took a bribe and didn't do what they demanded? I don't see anyone really bothered about that, except other bribers won't try in the future.
you mean a corporation involved with the federal government is somehow corrupt?!
unpossible.
stop being surprised.
Politicians thrive on corruption.
There, I fixed that for you.
It's not fascism when we do it
Maybe I'm a bit biased against all politicians, but the way I see it, if allegations are true, he's now passed all requirements to become a politician in any country.
Life takes interesting turns, but the most interest is when you're off the beaten path.
The way to have less corruption is for government to have less power over people. Why bribe someone who can't help (or hurt) you? Smaller government is the answer.
Let's see, counting Solyndra, you have now come up to 4.
You're still 4 short.
Oh wait, Uni-Solar's PARENT company is the one that filed for bankruptcy, not just the Uni-Solar unit. Maybe the whole company had problems, but the unit itself could have been fine. Evergreen got subsidies from the State of Massachusetts, not the Feds. I'd look up SpectraWatt, but I think two out of three is enough disputation to demand that you share more facts to justify your claims.
I was thinking the GOP was way behind in running their now-standard play of starting impeachment proceedings on every sitting Democratic president based on abject bullshit. I guess the primary fight has slowed their plans.
"Very Soon the data those guys gathered will get the hams a 500 KHz allocation"
Five hundred Kelvin-Hertz, eh? So hams are going straight to hell now?
Shocked, I tell you, I'm shocked there's bribery going on in this country.
mfwright@batnet.com
Now, now... Time to take your meds. Nobody really cares about your little posts, pilkunnussija, but they can be disruptive at times.
Does it really matter who is bribed, which party?
It is offensive enough when politicians of either party get bribed, corporations get special treatment, and the public gets stiffed.
The "surprise" here is that (in this case) the democrats got bribed by big business, who they normally rail against.
Usually they get bribed by big labor.
there are 3 kinds of people:
* those who can count
* those who can't
From reading /. I learned that only those morally bankrupt evil conniving lowdown scumbag Republicans take bribes.
Democrats take campaign donations.
Hope that clears things up.
No brain, no pain.
He was fired because he didn't do a good enough job at it to carry the company.
Aww, another western business leader of Indian extraction steps down in corruption controversy.
Luckily there is a tremendous pool of talent for us to tap still in that ultra modern society of India.
I think I speak for the majority when I say the more Indian leadership we can import into this country, the more this country can be as successful as India.
"Whose request" not "who's ..." - respect the language FFS !
Check https://encrypted.google.com/search?q=Companies+ruined+or+almost+ruined+by+Forward+caste
Sanjiv Ahuja belong to https://secure.wikimedia.org/wikipedia/en/wiki/Forward_caste