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Author: ns101 Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 1068  
Subject: merger Date: 6/23/2006 5:31 PM
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Hello, Just got my proxy papers today for the merger and looking it over it doesn't sound too good to me. It only benefits Duane Ackerman, CEO of BellSouth, who will receive full salary, benefits and payment by AT&T of 'performance shares' when he retires after 90 days of the merger. It states " He is entitled to full benefits deemed fully earned" The board has their own interest (three will become boardmembers of AT&T )and so have their own interest which is different from shareholders who can vote no on the merger and sell thier shares on the public market if they don't want to be AT&T shareholders. Bam! Thank you, mame, and goodbye!!
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