Charlie Steps Down

[Islandguy43]

UPDATE 1-Dish names Joseph Clayton as CEO, Ergen to continue as chairman | Reuters

 

[BearcatScott]

Joseph P. Clayton Named President and CEO of DISH Network

Charlie getting ready to retire or sell?

Joseph P. Clayton Named President and CEO of DISH Network

Charles W. Ergen to Continue as Chairman

ENGLEWOOD, Colo., May 16, 2011 /PRNewswire/ -- DISH Network Corporation (NASDAQ: DISH) announced today that Joseph P. Clayton has been named the company's president and chief executive officer and has been appointed to the DISH Network board of directors, effective June 20, 2011. Charles W. Ergen, who formerly held the positions of president and chief executive officer, will remain as chairman of DISH Network.

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"Joe is a 38-year veteran of the consumer electronics, telecommunications and satellite communications industries and I am pleased to have him lead DISH Network as president and CEO," said Ergen, chairman of DISH Network. "Joe brings an enormous amount of executive-level experience in the satellite and consumer electronics industries, including positions at RCA, General Electric and Thomson, and we look forward to his leadership as we continue to deliver video entertainment into the future."

"I am very excited to take on this new challenge," said Clayton. "My working relationship with Charlie spans nearly 20 years, and I look forward to building on DISH Network's legacy of innovation and value in TV entertainment."

Clayton previously served as chairman of Sirius Satellite Radio Inc., from November 2004 through July 2008 and served as chief executive officer of Sirius from November 2001 through November 2004. Prior to joining Sirius, Clayton served as president of Global Crossing North America, as president and chief executive officer of Frontier Corporation and as executive vice president of Marketing and Sales for the Americas and Asia of Thomson S.A.

 

[Dr.Pepper]

I guess the million (or perhaps "billions" is more appropriate) dollar question is will Charlie really let go and let Clayton run the show??

 

[jgags6]

Does this actually mean anything? Or should we still expect Cheap Charlie to run the show?

 

[wlwgampa]

Of course, Clayton will run the show.......SOON

 

[cosmo_kramer]

I hear Joe is a huge sports fan...

 

[Dr.Pepper]

I hear Joe is a huge sports fan...

Don't tease us ... don't tease us.

 

[Scott Greczkowski]

Joe is a good guy. I first met him back in May 20, 2004 when he was the CEO of SIRIUS Satellite Radio.

Joe has always been very honest and friendly with me and we continued to talk from time to time even after he left SIRIUS. He didn't live to far from me as he had an amazing house in Mass.

Joe has an amazing head on his shoulders and was the driving force bring Howard Stern to Satellite Radio. I was there with Joe when he announced Howard Stern was coming at CES and he was so happy, that was also day I met current SIRIUS XM CEO Mel Karmizan.

Joe is a HUGE fan of Bluegrass Country music.

Joe is a man who knows what he is doing and know what he wants. I think he is the PERFECT choice for President and CEO of DISH Network!

Welcome back Joe!

 

[Scott Greczkowski]

Does this actually mean anything? Or should we still expect Cheap Charlie to run the show?

I think this means something...

Charlie hasn't really been day to day operatings for DISH for quite awhile. Hes been traveling a lot working on a number of projects including some big deals outside the US.

Charlie needs someone to keep their eye on the ball at home and Joe is the perfect person to take the reigns.

 

[Dr.Pepper]

I think this means something...

Charlie hasn't really been day to day operatings for DISH for quite awhile. Hes been traveling a lot working on a number of projects including some big deals outside the US.

Charlie needs someone to keep their eye on the ball at home and Joe is the perfect person to take the reigns.

In your opinion, Scott, is Clayton just keeping Charlie's chair warm for him, or does he have the "freedom" to go out and buy his own chair?

 

[Scott Greczkowski]

I would say hes keeping the chair warm for Charlie. Charlie could come back at any time.

I think that Joe understands Charlies vision and hes going to help Charlie achieve that vision.

There is nobody better to be in that seat then Joe Clayton.

 

[jerryez]

So, have we seen the last of Charlie Chats. because Joe Chats does not sound right.

 

[Scott Greczkowski]

So, have we seen the last of Charlie Chats. because Joe Chats does not sound right.

No I don't think we have.

 

[DodgerKing]

I would say hes keeping the chair warm for Charlie. Charlie could come back at any time.

I think that Joe understands Charlies vision and hes going to help Charlie achieve that vision.

There is nobody better to be in that seat then Joe Clayton.

Then what is the point of this?

 

[CK SatGuy]

Charlie just doesn't feel like being CEO right now.

 

[Juan]

Then what is the point of this?

almost sounds like they are getting ready for a sale

 

[Scott Greczkowski]

Then what is the point of this?

Charlie is working on MANY different projects at the moment, he does not have the time to keep his eye on his main business... DISH Network so he is putting someone there who can keep his eye on things for him.

 

[Scott Greczkowski]

almost sounds like they are getting ready for a sale

Nah...

Let them build up what they are working on first...

 

[JosephB]

This guy was CEO of Global Crossing, Sirius, and Frontier? That's not exactly a great track record....

 

[lakebum431]

This guy was CEO of Global Crossing, Sirius, and Frontier? That's not exactly a great track record....

I can only assume that you are more successful?