Tuesday, October 19, 2004

More bad news for Sinclair...

via Atrios...

Evidently Alan Hevisi, the NY State Comptroller, who is the sole trustee of the NY State Common Retirement fund has a few questions for Sinclair's Board.

Clearly, Sinclair's in trouble. Big trouble. Anyone who reads Hevisi's letter can see that doing "Stolen Honor" was a clear cut abrogation of Sinclair's fiduciary responsibility to maximize shareholder return.

When Kerry wins, these guys may be bunking their friends from Enron.

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