band now known as EBS or Educational Broadband Service.

After Goldman provided the funds--which were supposed to be used to roll out the system in key markets across the U.S.--they used a provision of the agreement to take control of the company; hiring a new CEO, Leo J. Cyr, who ousted the entire management team, including Clearwire CEO Brian Nerney, while diluting the strength of the founders still on the Board of Directors. A holding company controlled by Craig McCaw, Flux LLC, acquired Clearwire