FCC Chairman to Step Down

by Christopher Freeburn | March 22, 2013 11:25 am

FCC logo FCC Chairman to Step Down[1]The head of the Federal Communications Commission (FCC) announced on Friday that he will leave the commission shortly[2].

Julius Genachowski, a former technology advisor during President Barack Obama’s 2008 presidential campaign, was tapped as FCC Chairman in 2009. Genachoswski had been widely expected to step aside at the beginning of the president’s second term, USA TODAY noted.

He had previously served as the FCC’s chief counsel during the Clinton administration, and was an editor at the Harvard Law Review during President Obama’s time there.

The outgoing chairman was criticized by some public advocates for failing to adequately promote consumer protections when it came to the spread of broadband services by telecommunications providers.

As head of the FCC, Genachowski blocked AT&T‘s (NYSE:T[3]) bid to acquire Deutsche Telekom‘s (PINK:DTEGY[4]) T-Mobile.

Earlier this month, the FCC cleared the merger[5] of T-Mobile and MetroPCS (NYSE:PCS[6]).

Endnotes:
  1. [Image]: http://investorplace.com/wp-content/uploads/2012/12/FCC-logo.jpg
  2. that he will leave the commission shortly: http://www.usatoday.com/story/tech/2013/03/21/fcc-chairman-resign-report/2007885/
  3. T: http://studio-5.financialcontent.com/investplace/quote?Symbol=T
  4. DTEGY: http://studio-5.financialcontent.com/investplace/quote?Symbol=DTEGY
  5. FCC cleared the merger: http://investorplace.com/2013/03/metropcs-t-mobile-get-merger-approval-from-fcc/
  6. PCS: http://studio-5.financialcontent.com/investplace/quote?Symbol=PCS

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