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The hedge fund, run by billionaire Philip Falcone, also threatened to shake up the company's board and management.
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One of these upstarts is LightSquared, the Virginia-based, Philip Falcone-backed startup that wants to build a nationwide, wholesale 4G network.
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This guest article is by Philip Falcone, the founder of Harbinger Capital Partners, a private investment fund based in New York.
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It reached an agreement last year with LightSquared, which is backed by Philip Falcone's Harbinger Capital Partners, to suspend payments until 2014.
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Others, such as hedge fund manager Philip Falcone and natural gas tycoon Aubrey McClendon, lost their spots amidst great personal controversy.
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The most surprising comeback was staged by Philip Falcone.
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These are tough times for Philip Falcone.
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The roll call of great hedge fund managers includes many names that are becoming more familiar to casual readers of mainstream newspapers and magazines: Arthur Samberg, Paul Tudor Jones, Philip Falcone, Steve Cohen, Paul Singer.
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Addressing a conference that also featured the likes of Eike Batista, Bill Ackman, David Einhorn and Philip Falcone, Langone stressed that the ultra-wealthy should be judged not by the size of their wallet, but by how much they contribute, and not just financially, to charity.
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