Sprint PCS - Sprint Nextel paid chairman's relative $18M

Author

Sprint Nextel paid chairman's relative $18M

Spring

2006-10-11, 12:33 pm

Sprint Nextel paid chairman's relative $18M
Wednesday October 11, 12:09 pm ET

Sprint Nextel Corp. paid about $18 million in commissions in 2005 to two companies owned by the brother-in-law of Executive Chairman Tim Donahue.
In a filing Wednesday with the Securities and Exchange Commission, Sprint Nextel (NYSE: S - News) said it had made the payments to North American Wireless and The Customer Center, both owned by Glenn Grella, Donahue's brother-in-law.

Sprint Nextel spokesman David Gunasegaram said Wednesday that Grella has been an authorized dealer for the company, first with Nextel Communications Inc., since 1997.

Gunasegaram said the timing of Sprint Nextel's disclosure of its business dealings with Grella had nothing to do with the company's announcement Monday that Donahue will retire as executive chairman of Sprint Nextel effective Dec. 31.

Published October 11, 2006 by the Kansas City Business Journal

Der.Merovingian

2006-10-12, 7:33 am

Could this nepotism at play here?

On 2006-10-11 13:11:45 -0400, "Spring" <Spring@10G.com> said:

>
>
> Sprint Nextel paid chairman's relative $18M
> Wednesday October 11, 12:09 pm ET=20
>
> Sprint Nextel Corp. paid about $18 million in commissions in 2005 to two =
> companies owned by the brother-in-law of Executive Chairman Tim Donahue. =
>
> In a filing Wednesday with the Securities and Exchange Commission, =
> Sprint Nextel (NYSE: S - News) said it had made the payments to North =
> American Wireless and The Customer Center, both owned by Glenn Grella, =
> Donahue's brother-in-law.=20
>
> Sprint Nextel spokesman David Gunasegaram said Wednesday that Grella has =
> been an authorized dealer for the company, first with Nextel =
> Communications Inc., since 1997.=20
>
> Gunasegaram said the timing of Sprint Nextel's disclosure of its =
> business dealings with Grella had nothing to do with the company's =
> announcement Monday that Donahue will retire as executive chairman of =
> Sprint Nextel effective Dec. 31.=20
>
> Published October 11, 2006 by the Kansas City Business Journal=20
>
>
>
> <!DOCTYPE HTML PUBLIC "-//W3C//DTD HTML 4.0 Transitional//EN">
> <HTML><HEAD>
> <META http-equiv=3DContent-Type content=3D"text/html; =
> charset=3Diso-8859-1">
> <META content=3D"MSHTML 6.00.2900.2722" name=3DGENERATOR>
> <STYLE></STYLE>
> </HEAD>
> <BODY bgColor=3D#ffffff>
> <DIV><FONT face=3DArial size=3D2><FONT size=3D3><FONT face=3D"Times New =
> Roman"><SPAN=20
> class=3Dt>Sprint Nextel paid chairman's relative $18M</SPAN><BR><SPAN=20
> class=3Dtt>Wednesday October 11, 12:09 pm ET</SPAN> </FONT></FONT>
> <P>
> <DIV class=3Dar>Sprint Nextel Corp. paid about $18 million in =
> commissions in 2005=20
> to two companies owned by the brother-in-law of Executive Chairman Tim =
> Donahue.=20
> <P>In a filing Wednesday with the Securities and Exchange Commission, =
> Sprint=20
> Nextel (NYSE: <A =
> href=3D"http://finance.yahoo.com/q?s=3Ds&d=3Dt">S</A> - <A=20
> href=3D"http://finance.yahoo.com/q/h?s=3Ds">News</A> ) said it had made =
> the payments=20
> to North American Wireless and The Customer Center, both owned by Glenn =
> Grella,=20
> Donahue's brother-in-law.=20
> <P>Sprint Nextel spokesman David Gunasegaram said Wednesday that Grella =
> has been=20
> an authorized dealer for the company, first with Nextel Communications =
> Inc.,=20
> since 1997.=20
> <P>Gunasegaram said the timing of Sprint Nextel's disclosure of its =
> business=20
> dealings with Grella had nothing to do with the company's announcement=20
> Monday</A> that Donahue will retire as executive chairman of Sprint =
> Nextel=20
> effective Dec. 31.=20
> <P>Published October 11, 2006 by the Kansas City Business Journal</I>=20
> <P></P></DIV></FONT></DIV></BODY></HTML>

LinkBot