Subject: [NEXTEL-1] FMR. Nextel Exec Resigns From XO

From: [email-masked]
Date: Wed, 28 May 2003 23:07:36 -0400

XOXO- Seems to be a death sentence for many Nextel
Executives who have "Transitioned" to XO. The latest to
hit the door is Nathaniel A. Davis in 2001 he was the
highest paid exec in the Wash. D.C. area earning an
estimated $375,000 per year plus other compensation for
a total of  $57,214,897 (Im sure most of that was
option related which as we all know never paned out) as
COO & Pres. of XO.

A few months ago they gave  Danny Akerson (Fmr Nextel
exec) a token and dropped him at the bus stop. I know
Nate is wishing he stayed at Nextel as VP of technical
services. Five years in the Craig McCaw family is not
a bad run and I'm sure he will pop-up somewhere else
in the telecom world.
Another one bites the dust........

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By Yuki Noguchi

Washington Post Staff Writer

Tuesday, May 27, 2003; Page E05

XO Communications Inc. plans to announce today the departure of its president and chief operating officer, Nathaniel A. Davis, the last of its pre-bankruptcy management team.

Davis held executive positions at Nextel Communications Inc. and MCI Communications before joining XO in January 2000. His exit follows the departure of XO's general counsel, Gary Begeman, last week. Former chief executive and chairman Daniel F. Akerson left in January, just as the Reston firm emerged from Chapter 11 bankruptcy protection. Former Global Crossing Ltd. executive Carl J. Grivner became the new chief executive last month.

XO was forced into a financial restructuring because it was heavily burdened by debt. It is now more than 80 percent owned by its chairman, corporate financier Carl C. Icahn.

Davis, who is expected to resign from his position and the board effective Saturday, said he will take time off with his family and think about his next job.

In January 2000, the firm seemed on the cusp of transforming the local phone industry. The company integrated its basic local voice service that year with an Internet operation and was aggressively expanding its network across the United States in the hope of luring customers away from the dominant regional phone companies.

"It's easy to manage in good times," but managing through XO's bad times and having to deal with the painful process of bankruptcy made everyone stronger, Davis said.

"I think this is still an industry that people will put money into again," he said. "I think those people who managed in the tough times are stronger than they have ever been."

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