Long before it moved to boot its top two executives over questionable tax shelters, Sprint Corp.'s board of directors had a reputation for weak corporate governance. In fact, Sprint's name was synonymous with many things shareholder activists love to hate, including massive stock option grants and option repricings. One former Sprint exec describes it as clubby, entrenched, and passive. It was only a matter of time before the board's weak oversight caught up with the company.
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