back to article LightSquared founder Falcone steps aside on creditor's orders

Philip Falcone, the force behind wannabie network operator LightSquared, has stepped aside in exchange for delaying bankruptcy by a week while a longer extension is negotiated. LightSqared, the box o' frogs idea to jimmy a cellular network into satellite frequencies, has always been Falcone's baby, financed largely by his hedge …

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WTF?

must be nice to be sitting at the helm of a hedge fund, investing billions of dollars of someone elses money into your own little business that also pays you a wage.

nice work, if you can get it.

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