Sprint's Hesse Underbidding For Clearwire, Still Hopes Shareholders Can Be Duped

Maybe when you are not too clever yourself, you assume that the folks on the other end of the negotiating table are also not so intelligent. That's not always true.  A year ago, Sprint's CEO Dan Hesse came to New York, to a long postponed analyst day and tried to tell Sprint shareholders about how he was going to have a seat at the table when Clearwire was in bankruptcy proceedings. He seemed not to know that bondholders and not Sprint, which owned only a small percentage of the bonds, were i...