Research analysts succeed in call to remove Sprint board members
When this news first hit the news wire, it looked like a phony press release on behalf of Pali Research.
Now all major media outlets are reporting that indeed, two research analysts for Pali Research published a note on February 12th, calling for the resignation of Sprint board members Linda Koch Lorimer and Keith Bane.
And both Lorimer and Bane have resigned, effective last week.
It is not often that equity research analysts turn activists, and seldom then that they succeed.
Chalk up a victory for shareholder activists, as well as Sprint shareholders. Sprint certainly deserves new life, as it has lost market share in recent quarters.
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