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  1. #1
    Røbert M.
    Guest
    We already know about the bonuses of 30 times salary paid to Lauer,
    but yesterday Sprint issued 39,700,000 additional shares of stock,
    to be given as "Incentives" to Executives. Thats about 500 shares each
    if it were evenly distributed to all 65,000 employees, or ~$9,000 worth
    of stock each.

    It was duly filed with a Form 8-S with the SEC on May 20, 2004

    http://www.sprint.com/sprint/ir/sec/

    This dilutes the value of Sprint stock about 2%.

    I wonder if any Sprint employee that posts here got a bonus last year,
    or is now receiving a grant of stock.



    See More: More bonuses for SprintPCS Executives




  2. #2
    Just trying to help
    Guest

    Re: More bonuses for SprintPCS Executives

    "Røbert M." <[email protected]> wrote in
    news:[email protected]:

    > I wonder if any Sprint employee that posts here got a bonus last
    > year, or is now receiving a grant of stock.


    Nope.



  3. #3
    Røbert M.
    Guest

    Re: More bonuses for SprintPCS Executives

    In article <[email protected]>,
    Just trying to help <[email protected]> wrote:

    > "Røbert M." <[email protected]> wrote in
    > news:[email protected]:
    >
    > > I wonder if any Sprint employee that posts here got a bonus last
    > > year, or is now receiving a grant of stock.

    >
    > Nope.


    You speaking for yourself, or all the "Indians"?



  4. #4
    Just trying to help
    Guest

    Re: More bonuses for SprintPCS Executives

    "Røbert M." <[email protected]> wrote in news:rmarkoff-
    [email protected]:

    > You speaking for yourself, or all the "Indians"?


    Me.



  5. #5
    Røbert M
    Guest

    Re: More bonuses for SprintPCS Executives

    In article <[email protected]>,
    Just trying to help <[email protected]> wrote:

    > "Røbert M." <[email protected]> wrote in news:rmarkoff-
    > [email protected]:
    >
    > > You speaking for yourself, or all the "Indians"?

    >
    > Me.


    I think its disgraceful for then to pull this Enronesque stunt of
    rewarding themselves with stock grants worth in the 9 figures.



  6. #6
    Just trying to help
    Guest

    Re: More bonuses for SprintPCS Executives

    Røbert M <[email protected]> wrote in news:rmarkoff-
    [email protected]:

    > I think its disgraceful for then to pull this Enronesque stunt of
    > rewarding themselves with stock grants worth in the 9 figures.


    I agree but then again, it isn't just happening at Sprint.





  7. #7
    Røbert M
    Guest

    Re: More bonuses for SprintPCS Executives

    In article <[email protected]>,
    Just trying to help <[email protected]> wrote:

    > Røbert M <[email protected]> wrote in news:rmarkoff-
    > [email protected]:
    >
    > > I think its disgraceful for then to pull this Enronesque stunt of
    > > rewarding themselves with stock grants worth in the 9 figures.

    >
    > I agree but then again, it isn't just happening at Sprint.


    The lamest apology I have ever heard. Enron did it, MCI did it, so its
    not so bad if Sprint does it?

    Raiding the company to put $700,000,000 in Executives pockets
    may be legal, but is hardly right.



  8. #8
    Just trying to help
    Guest

    Re: More bonuses for SprintPCS Executives

    Røbert M <[email protected]> wrote in
    news:[email protected]:

    > The lamest apology I have ever heard. Enron did it, MCI did it, so
    > its not so bad if Sprint does it?
    >
    > Raiding the company to put $700,000,000 in Executives pockets
    > may be legal, but is hardly right.


    Who's apologizing? I'm certainly not. However, what happens at the top
    rungs of any corporation happens. And there's not much the worker
    drones can do..




  9. #9
    Scott Stephenson
    Guest

    Re: More bonuses for SprintPCS Executives


    "Røbert M." <[email protected]> wrote in message
    news:[email protected]...
    > We already know about the bonuses of 30 times salary paid to Lauer,
    > but yesterday Sprint issued 39,700,000 additional shares of stock,
    > to be given as "Incentives" to Executives. Thats about 500 shares each
    > if it were evenly distributed to all 65,000 employees, or ~$9,000 worth
    > of stock each.
    >
    > It was duly filed with a Form 8-S with the SEC on May 20, 2004
    >
    > http://www.sprint.com/sprint/ir/sec/
    >
    > This dilutes the value of Sprint stock about 2%.
    >
    > I wonder if any Sprint employee that posts here got a bonus last year,
    > or is now receiving a grant of stock.


    You didn't read very much of the filing, did you? The filings on the 19th
    are amendments to previously filed registrations that dealt with PCS stock.
    The amendments were filed to convert those registrations to FON stock. One
    of the registrations was for the Employee Stock Purchase Program, which is
    open to all employees. And if you had read further, you would have also
    recognized that many of the executive shares mentioned are being offered as
    options, not ouright gifts. This is not the cash cow you are projecting it
    to be.





  10. #10
    Røbert M
    Guest

    Re: More bonuses for SprintPCS Executives

    In article <[email protected]>,
    "Scott Stephenson" <[email protected]> wrote:

    >
    > "Røbert M." <[email protected]> wrote in message
    > news:[email protected]...
    > > We already know about the bonuses of 30 times salary paid to Lauer,
    > > but yesterday Sprint issued 39,700,000 additional shares of stock,
    > > to be given as "Incentives" to Executives. Thats about 500 shares each
    > > if it were evenly distributed to all 65,000 employees, or ~$9,000 worth
    > > of stock each.
    > >
    > > It was duly filed with a Form 8-S with the SEC on May 20, 2004
    > >
    > > http://www.sprint.com/sprint/ir/sec/
    > >
    > > This dilutes the value of Sprint stock about 2%.
    > >
    > > I wonder if any Sprint employee that posts here got a bonus last year,
    > > or is now receiving a grant of stock.

    >
    > You didn't read very much of the filing, did you? The filings on the 19th
    > are amendments to previously filed registrations that dealt with PCS stock.
    > The amendments were filed to convert those registrations to FON stock. One
    > of the registrations was for the Employee Stock Purchase Program, which is
    > open to all employees. And if you had read further, you would have also
    > recognized that many of the executive shares mentioned are being offered as
    > options, not ouright gifts. This is not the cash cow you are projecting it
    > to be.


    Its hard to tell till next March when Sprint tells about the grants made
    in 2004.


    Lauer did already get a cash bonus of 30x his salary, when none of the
    employees posting here got any bonus? A bonus for having Sprint PCS
    still losing money.



  11. #11
    Scott Stephenson
    Guest

    Re: More bonuses for SprintPCS Executives


    "Røbert M" <[email protected]> wrote in message
    news:[email protected]...
    > In article <[email protected]>,
    > "Scott Stephenson" <[email protected]> wrote:
    >
    > >
    > > "Røbert M." <[email protected]> wrote in message
    > > news:[email protected]...
    > > > We already know about the bonuses of 30 times salary paid to Lauer,
    > > > but yesterday Sprint issued 39,700,000 additional shares of stock,
    > > > to be given as "Incentives" to Executives. Thats about 500 shares each
    > > > if it were evenly distributed to all 65,000 employees, or ~$9,000

    worth
    > > > of stock each.
    > > >
    > > > It was duly filed with a Form 8-S with the SEC on May 20, 2004
    > > >
    > > > http://www.sprint.com/sprint/ir/sec/
    > > >
    > > > This dilutes the value of Sprint stock about 2%.
    > > >
    > > > I wonder if any Sprint employee that posts here got a bonus last year,
    > > > or is now receiving a grant of stock.

    > >
    > > You didn't read very much of the filing, did you? The filings on the

    19th
    > > are amendments to previously filed registrations that dealt with PCS

    stock.
    > > The amendments were filed to convert those registrations to FON stock.

    One
    > > of the registrations was for the Employee Stock Purchase Program, which

    is
    > > open to all employees. And if you had read further, you would have also
    > > recognized that many of the executive shares mentioned are being offered

    as
    > > options, not ouright gifts. This is not the cash cow you are projecting

    it
    > > to be.

    >
    > Its hard to tell till next March when Sprint tells about the grants made
    > in 2004.
    >
    >
    > Lauer did already get a cash bonus of 30x his salary, when none of the
    > employees posting here got any bonus? A bonus for having Sprint PCS
    > still losing money.


    Not hard to tell anything- its all laid out in the SEC filings. Why don't
    you admit that your initial claim was wrong?





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