Cincinnati Bell 2008 Annual Report Download - page 30
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in-kind services to the Foundation. The Company believes that Mr. Cassidy received no personal benefit
in connection with the Company providing these in-kind services and, therefore, has no interest in this
transaction.
•Mr. Byrnes, a director of the Company, was an executive officer of The Procter & Gamble Company
(“P&G”) until June 30, 2008. The Company provides certain telecommunication services to P&G. A
substantial portion of the services provided to P&G are provided by the Company as a public utility at
rates fixed in conformity with law. All other services were provided by the Company in the ordinary
course of its business under competitive marketplace conditions and on terms that were reasonable and in
the best interest of the Company. The aggregate amount paid by P&G for the Company’s services in 2008
was approximately $7 million. The Company believes that Mr. Byrnes received no personal benefit in
connection with the Company providing these services and, therefore, has no interest in these transactions.
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