Pinetuck Lane Winston-Salem, NC 27104 336-765-9765
Ms. Patricia Russo,
Chairman & CEO
600 – 700 Mountain Avenue
Murray Hill, NJ 07974-0636
The Lucent Retiree Organization [LRO] was pleased to read news reports this
week that Lucent Technologies has received approval from the Congressional
Joint Committee on Taxation for your tentative agreement with the IRS for a
tax refund of approximately $816 million, plus $45 million in interest.
The LRO is requesting that Lucent apply a sizable portion of this refund as
a contribution to health care trusts for management and represented
retirees to help offset the negative impacts on retirees over the past two
A decision by Lucent to use much of the tax refund to assist retirees would
do a great deal to help restore the confidence of the thousands of its
retirees. It would also significantly improve the confidence of all the
shareholders as well as the industry in general because it would prove that
Lucent is indeed concerned for the well being of people who have given it so
much time, effort and dedication over the many years. Further, it would
prove to the industry in general that Lucent’s leadership does, indeed, have
integrity and will stand by its commitments wherever and whenever possible.
We look forward to learning your response to this request.
Lucent Board of Directors
Members of Congressional Joint Committee on Taxation