EchoStar Corporation Names Michael Dugan President and CEO

[rjruby]

EchoStar Corporation Names Michael Dugan President and CEO

Is this good news?

[Scott Greczkowski]

Again?

[Bob Haller]

Uncle Mike is a good guy! Hey remember when I leaked his retirement a few days early?

One poster accused me of attempted insider stock trading. caused chaos at the E PR office

Mike grew up in indiana pa, right near pittsburgh. I had realtives in indiana, the center of christmas tree farming on the east coast.

Heck mike even called my home once

[juan]

wasnt chuckie CEO?

[jacmyoung]

EchoStar Corporation Names Michael Dugan President and CEO

Is this good news?

Who knows.

When Charlie created his DISH and turned E* into a separate hardware company, it was speculated that he was doing something in part to weather the legal setback with TiVo.

Maybe it is no longer necessary. Just my own wild speculation.

[dennispap]

More here


Ergen steps down as EchoStar CEO; remains head of Dish Network - Denver Business Journal:

[David_Levin]

Am I confused. I've read the two linked articles three times. One says Charlie Stepped down from "SATS", the other says Charlie Stepped down from Dish Network and still controls "SATS". They really should have names these differently. Which has Dugan and which has Ergen ?

I'm not sure how to take this.... But here's what the stockholders think...

DISH: -2.24 (-10.11%)
SATS: +0.16 (+0.79%)

PS: It's this line in the 2nd link that's confusing me:

Ergen remains chairman and controlling shareholder of Douglas County-based EchoStar (NASDAQ: SATS), which makes TV set-top boxes and manages satellite uplink technology for other companies.

[jacmyoung]

Am I confused. I've read the two linked articles three times. One says Charlie Stepped down from "SATS", the other says Charlie Stepped down from Dish Network and still controls "SATS". They really should have names these differently. Which has Dugan and which has Ergen ?

I'm not sure how to take this.... But here's what the stockholders think...

DISH: -2.24 (-10.11%)
SATS: +0.16 (+0.79%)

PS: It's this line in the 2nd link that's confusing me:

He is no longer the CEO of SATS, still chairman of SATS, nothing changed with respect to Dishnetwork, he is still the CEO and everything else.

DISH dropped $2 to reflect the lost opportunity for the $2 special dividend from today forward. Yesterday was the last day to own DISH and get that $2 dividend.

[jcrandall]

First - a 10% dividend, wow, that is unusual.

Second - at least from the reponse of the shareholders, this is non-news.

Sounds like they are just changing the leadership structure a bit. I think Charlie will still have a key leading role in both companies?

[Stargazer]

Maybe Charlie wants to enjoy his aging self some and some of that money he has made.