John Legere, who served as T-Mobile (TMUS) – Get Free Report CEO from 2012 to 2020, is known for rescuing his cell phone company as it struggles to compete with Verizon (VZ) – Get Free Report and AT&T (T) – Get Free Report.
Legere left T-Mobile the same day Sprint bought the company. Many troubled companies could use his talent right now, but one CEO told him his services weren’t needed.
For example, Twitter has famously experienced a rough few months since it was acquired by Tesla CEO Elon Musk.
Musk bought 9% of shares in Twitter on April 5. He was then offered a seat on the company’s board, but declined the offer. Instead, he said he would simply buy the company for $44 billion.
Twitter accepted the offer on April 25. After this development, on May 13, Musk stopped the offer. This move jeopardized the entire transaction and was only the beginning of the company’s chaos to come.
The next few months seem to be moving towards an October trial that would resolve the dispute. A judge gave the two sides until the end of the month to put together a deal.
The parties completed the purchase on October 27 for the amount of the original Musk offer.
The next day, Musk fired Twitter’s CEO, CFO and other executives. Then came the layoffs to reduce the workforce. About 3,700 people were let go, or about half of the company’s employees.
Musk then offered Twitter employees an ultimatum on November 16. He sent an email to all employees saying that they would be required to work long, hard hours and that they would have to agree to these terms. If they didn’t, they would lose their jobs. More than a thousand of them left.
Twitter should never be the same again. Controversies erupted, including the microblogging site’s decision to pay for Twitter Blue, restore the account of former President Donald Trump, advertising difficulties and claims by Musk that Apple threatened to remove Twitter’s app from its App Store.
Legere offers to help Twitter
During all the late fall craziness, Legere had a public discussion with Elon Musk with Twitter posts on November 13th. That’s when he said in a tweet that he would work for Twitter if offered a job.
“You can stop managing daily business, and” content moderation “and then product/technology support. Let someone else” run “Twitter”, wrote Legere.
He continued. “I’m expensive, but that’s what you paid for Twitter. (PS please be a lead example of how to tweet.”)
Musk brushed him aside, writing simply “No.”
Considering these things, Legere is apparently interested in a new opportunity, and he has several options on where he could go next.
So where should Legere land?
A few companies come to mind.
Legere has several options if he wants to pursue them. The companies that can benefit from his talents can be these.
Netflix (NFLX) – Get Free Report: Netflix stock is down 47% for the year. The decline is widely understood to be a result of investor concerns about competition in the streaming space.
Platoon (PTON) – Get Free Report: This stock, after suffering some public relations damage this year, started trading at $35.20 in January. is now $12.92. This could be a place where Legere can look to simulate his fortunes as he was able to do during his tenure at T-Mobile.
Teledoc Health (TDOC) – Get Free Report: This company has experienced a rise and fall in recent years. The pandemic gave it a boost as patients sought medical help over the phone. But its stock has fallen 73% in the past year. It could use some creative energy to get it back into shape.