Securities Law Prof Blog

Editor: Eric C. Chaffee
Univ. of Toledo College of Law

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Thursday, April 12, 2007

Shareholder Puts Pressure on Sprint Nextel to Improve Performance

Relational Investors, the firm owned by Ralph Whitworth, has acquired a 1% interest in Sprint Nextel and is pressing management for changes to improve the the company's poor performance.  Relational Investors led the charge at Home Depot that resulted in the ouster of CEO Nardelli and the appointment to the board of one of Whitworth's associates.  See WSJ, Whitworth Quietly Gains Sprint Stake.

http://lawprofessors.typepad.com/securities/2007/04/shareholder_put.html

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