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Shareholder urged to withhold vote for Sprint director
Institutional Shareholder Services urged Sprint shareholders to withhold votes for Linda Koch Lorimer, the sole director up for re-election, citing poor board judgment and questions over CEO connections. ISS also backed two shareholder proposals on performance-based incentives and an independent chair, while Sprint argued flexibility and opposed outside-chair requirements. Shares for FON closed flat at 19.31, PCS rose to 9.71.
MENTIONED IN THIS ARTICLE
Kansas City
Sprint Corp
Institutional Shareholder Services
Linda Koch Lorimer
Yale University
Sprint
ISS
Gary Forsee
Overland Park
Kan
Securities and Exchange Commission
Forsee
Qwest Communications International Inc
At&t Corp
At&t Wireless
Alltel Corp
BellSouth Corp
BellSouth
Michael Sears
Boeing Co
March of Dimes
Sears
Boeing
FON
New York Stock Exchange
PCS