Business Services Industry
Review Disappoints Sprint.
Knight Ridder/Tribune Business News, April, 2004
The Kansas City Star, Mo. Knight Ridder/Tribune Business News
Apr. 9--KANSAS CITY, Mo. -- After a year in which Sprint Corp. made improving corporate governance a top priority, the company this week received a disappointing review from a watchdog group.
The organization, Institutional Shareholder Services of Rockville, Md., provides proxy vote recommendations to institutional investors.
It advised shareholders to withhold a vote on board member Linda Koch Lorimer's re-election to the Sprint board. The group said it would have made similar recommendations about other returning board members had they been up for re-election at Sprint's annual meeting on April 20.
In its 18-page report, Institutional Shareholder Services said it...
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