FCC Boss Calling It Quits
Julius Genachowski was appointed in 2009
By Matt Cantor, Newser User
Posted Mar 22, 2013 3:00 AM CDT
In this Nov. 24, 2009 file photo, Federal Communications Commission Chairman Julius Genachowski speaks at the University of Arkansas Clinton School of Public Service in Little Rock, Ark.   (AP Photo/Danny Johnston, File)

(Newser) – The head of the FCC will announce his exit today after four years on the job, insiders tell Reuters. The expected move comes ahead of his term's end in June. President Obama appointed ex-venture capitalist Julius Genachowski in 2009; his term saw the commission halt a proposed T-Mobile-AT&T merger, the Wall Street Journal notes. This week, the FCC's top Republican commissioner, Robert McDowell, also announced his departure. Obama will nominate a new Democratic chairman and Republican commissioner in the coming days, according to FCC rules, Reuters notes.

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Showing 3 of 4 comments
Antagonist
Mar 22, 2013 6:02 PM CDT
I wonder what sort of insider trading the guy pulled? I guess the world will have to wait to find out.
charlesncharge
Mar 22, 2013 2:27 PM CDT
I gotta get out of here before my secret is revealed. Isnt that why they all bailout.
Smitty6398
Mar 22, 2013 3:39 AM CDT
Both of them will probably pick up cushy jobs in the Industry. Don't worry they'll be OK.