People in Common Orgs
People with positions in the same orgs as Craig McCaw
Falling shares of sprint and clearwire stock hurting fortune; has lost $400 million as both stocks have dropped more than 65% since August 2007. With brothers, sold to AT&T in 1993 for $11.5 billion. Invested in Nextel satellite network; lost $5 billion during 2000 telecom crash. Now chairman of Clearwire; announced $14.5 billion merger with Sprint in May; immediately challenged by AT&T on grounds the FCC failed to follow proper merger procedure. New company reviving plans for first national high-powered WiMax network.