Posted by Sprint Filings on Sunday, April 19, 2009
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Recently, I received a comment and some emails stating, effectively, my "populist drivel" was "nonsense" and "stupid." That is borderline libel and I take great offense to that. Everyone knows I am nothing close to popular and my writing is not drivel but more like poppycock. But, it did get me thinking (for a change) and I would like clarify a couple things about my posts:


  1. I do not believe in the vague, Utopian, and socialistic nature of "fairness" as it concerns salaries. It's quite simple, an employee gets paid a certain amount of money because, in theory, he/she is worth more than that amount in value to the company (incidentally, that's why minimum wage laws actually raise unemployment as marginal workers who don't provide more value than the minimum wage will not get hired. Look at that; I not only entertain but I also educate. You're welcome). An employee produces a good (or service) and, in return, the company provides compensation for his or her production. It should be a win-win situation. But, that is not to say that there cannot be errors in the process. And the results say that Sprint has erred a lot. As proof, look no further than the hiring of (and golden parachute given to) Gary Forsee. So while I may rant against some executives and their pay, so long as they did not commit fraud, they really did nothing wrong. A quote I saw somewhere (fortune cookie?) said it best - "Do not judge so that you will not be judged." But...Sprint is a public company that, ultimately, answers to its shareholders. And they are doing a terrible job. So, that means I will not blindly accept the given results and agree with the Board's actions. Do I want to have my cake and eat it too? Hell yes I do. What good is the cake if you just have to look at it? You think America became great (and fat) just by looking at the cake?
  2. I fully encourage everyone to do their own research and come to their own conclusions on anything and everything. Feel free to disagree with me and, in fact, if you have valid points I fully encourage it. I always like to hear dissenting opinions, no matter how wrong they might be. But, if you do disagree, at least attack my arguments (or lack thereof) and not me personally. Or, if you do, at least make it somewhat clever or entertaining. From now on, stupid personal attacks on me is going to be like playing "Marco Polo" with Helen Keller - I won't hear it, I won't see it, and I won't respond to it.
In my next few posts, I'll be checking in on the Board (and how they were rated by an independent research firm) and, hopefully, delving into the financial health of the company via the 10-k and Sprint's first quarter results.

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