Will Northern Virginia Lose Sprint Headquarters?

One of Sprint CEO Gary Forsee's final requests prior to his departure was apparently to urge the company to move headquarters back to Kansas, according to this story in the WSJ (subscription required).

If that were to come to pass, it would follow AOL's plans to move headquarters to New York, robbing the region of yet another corporate nameplate.

Here's what the Journal reported:

"As part of the talks over his exit package, Mr. Forsee asked the board to shift Sprint's headquarters back to Kansas from Reston, Va., where Nextel had been based. Sprint had continued to maintain a large corporate presence in Kansas, however.

"Mr. Forsee "believes the headquarters of Sprint should be where the overwhelming majority" of its employees work, the individual with knowledge of the situation said. Sprint employs nearly 59,000 people.

"The headquarters shift 'was a substantial and key negotiating point,' this person said. "He was not going to resign until he got most of what he could get" on this issue. The informed individual doesn't know whether Mr. Forsee got that commitment."

By Dan Beyers  |  October 9, 2007; 6:49 AM ET  | Category:  Sprint
Previous: Early Briefing 10.09.07 | Next: SEIU Keeps Pressure On Sunrise Senior Living

Comments

Please email us to report offensive comments.



Interesting, but what interest does Mr. Forsee have in negotiating such a notion as a condition of his departure? Additionally, with the pressure from the institutional investors around financial performance, why would they agree to the added expense to undo what has been done? It doesn't make much sense from my perspective.

Posted by: Miguel Lobos | October 9, 2007 9:28 AM

There are reasons to believe this will not occur including an article posted at the KC Fox affiliate that states:

"In response to the Wall Street Journal report, a company spokesman said, "Sprint cannot comment on any departure/severance issues, but the current structure, with the corporate headquarters in Reston, VA., and the operational headquarters in Overland Park remains in place, and the topic of headquarters location is not an issue before the board at this time."

RUMOR of a HQ shift to Kansas are exactly that, RUMOR. It is not clear Forsee had or has the leverage to make it happen. This may be purely wishful thinking on the part of employees based out of Kansas.

Posted by: John Denver | October 9, 2007 10:14 PM

i am taking legal action against sprint for
fraud, threat and falsely reporting to
the credit bureaus i owe money to this
company. i owe 100% nothing and i am giving the company 24 hours to correct or
face a federal lawsuit. i will sue you
for fraud, harassment, damaging my character and etc for $75,000.00

24 hours for this time D rockefeller

Posted by: mr. forsee | November 26, 2007 1:10 PM

The comments to this entry are closed.

 
 
RSS Feed
Subscribe to The Post

© 2010 The Washington Post Company