Comment Telecomes disagree with his logic (Score 5, Insightful) 251
From what we know so far, Mr. Pai's rationale for eliminating the rules is that cable and phone companies, despite years of healthy profit, need to earn even more money than they already do -- that is, that the current rates of return do not yield adequate investment incentives.
CEOs of various telecoms have been asked during quarterly earnings calls how the implementation of net neutrality and later its repeal would affect their bottom line. They have said it would not. They are legally required to provide accurate information during such calls (and can be sued for breach of fiduciary duty if they don't).
Such statements will be used against Pai when the FCC gets sued over this.