Monday, June 13, 2005

Nat'l Muni-Ban Advocate Holds $500K in SBC Stock Options

Pete Sessions: "Eliminating your choice is good for you, really...."

Texas Representative Pete Sessions is trying to pass the "Preserving Innovation in Telecom Act of 2005" (HR2726), which would ban towns and cities from wiring themselves for broadband (e.g. WiFi, WiMax). However Sessions is not only a 16 year ex-SBC employee, his wife works for Cingular, and he holds half a million dollars in SBC stock options, according to an e-mail being circulated today by media reform outfit Free Press.

Hmmmmm....our elected representatives at work. Ain't government great?

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