Subject: [NEXTEL-1] AFL-CIO Asks Sprint To Replace Auditor

From: Marcel <[email-masked]>
Date: Fri, 28 Mar 2003 14:13:27 -0500

AFL-CIO Asks Sprint To Replace Auditor

The AFL-CIO asked Sprint to appoint a new independent auditor, claiming Ernst & Young
compromised its independence by selling questionable tax shelter advice to Sprint's top
two
executives. The AFL-CIO also promised to launch a campaign urging shareholders to vote
against the reappointment of Ernst & Young should Sprint fail to put forward a new auditor
at its
annual shareholder meeting. The AFL-CIO said it is trying to protect the pension plans of
union
members. It estimates that worker pension funds own about 16.45 million shares of Sprint
stock.

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