Blog Catalog

Sunday, April 22, 2012

Is Sprint toast?

If you just examine a few, quick facts, it makes you wonder if Kansas City's own Sprint Company can make it. Fact 1: It's lost money the last 5 years; Fact 2: They just upped their CEO's salary 31% even after losing money yet again last year; Fact 3: The latest, big news on them: Sprint Sued for $300 Million by N.Y. Over Alleged Tax Fraud If the state of New York can prove their case and they get their $300 million, can Sprint survive? That's a serious chunk of change. I don't imagine the State of New York filed the charges thinking they couldn't prove them. On yet another, darker, larger, additional note on this, don't you imagine other states are now looking at this case, seeing if maybe Sprint did the same to them? And if that's the case, wouldn't you expect more suits? Big lawsuits? Unfortunately for Sprint, they are getting more interesting, in all the wrong ways, as time goes along. As the old saying goes, we shall see what we shall see. Link: http://www.reuters.com/article/2012/04/17/us-column-miller-idUSBRE83G0VC20120417

No comments: