Overland Park, Kan. (March 31, 2003) - Despite recent corporate governance changes at Sprint, the AFL-CIO still believes shareholder confidence will not be restored until the company replaces its long-time auditor Ernst & Young.

The AFL-CIO claims Ernst & Young compromised its independence by selling questionable tax shelter advice to Sprint's top two executives: William T. Esrey, the former Sprint chief executive who was replaced last week by Gary Forsee, and chief operating officer Ronald T. LeMay.

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