Qwest gets shareholder query on Nacchio's IPO buys

Newswire

PHILADELPHIA, Dec 20 (Reuters) - Qwest Communications International Inc. said on Friday it had received a letter from a shareholder questioning whether former Chairman Joseph Nacchio unfairly profited during Goldman Sachs Group Inc.'s 1999 initial public offering. Qwest, the No. 4 U.S. local telephone company, said its board was reviewing the letter. The Denver-based company had no further comment. Recently, Walt Disney Co. and Ford Motor Co. agreed to review purchases made by their top ...

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