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Archive for Wednesday, March 26, 2003

Business Briefcase

March 26, 2003

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Forsee on job at Sprint

Sprint Corp.'s new chief executive Gary Forsee says restrictions placed on him by an arbitrator will not hamper his ability to lead Sprint.

"I'm in charge," Forsee said Tuesday from Sprint's Overland Park headquarters.

Forsee, the former No. 2 executive at BellSouth Corp., replaced William T. Esrey, who was forced out by Sprint's board over its concerns about his use of a questionable tax shelter.

Among the restrictions placed on Forsee is that he can't participate in any discussions about potential mergers or asset sales for 12 months.

Forsee, 52, said Tuesday that Sprint would put in place a process involving "internal resources and board resources" that would allow merger and acquisition discussions to take place without him.

Input: J-W seeks comment on stock listings

The Journal-World is considering changes in the way it presents listings of stocks, mutual funds and information on other financial markets. We would like to hear what type of financial information you want and need. In the past we have tried to provide listings for a wide variety of companies and funds of local interest, based on what we've heard from our readers.

Please let us know if there are companies or funds you would like to see in the Journal-World's listings. If there are other features you'd like to see, we'd like to hear about those, too.

Send your suggestions to Managing Editor Richard Brack at rrbrack@ljworld.com or by mail at Lawrence Journal-World, P.O. Box 888, Lawrence 66044.

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