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November 14, 1998

* Sprint Corp. shareholders approved the long-distance phone company's plan to assume full ownership of its Sprint PCS and create a separate class of stock for the business.

* Foundation Health Systems Inc. tapped Cora Tellez, president and chairwoman of Prudential Health Care Plan of California Inc., as chief executive and president of its HealthNet unit, effective on Monday. Tellez, 49, succeeds Arthur M. Southam, who resigned earlier in the week. HealthNet, Foundation's largest health-plan unit, provides health-care coverage to more than 2.3 million Californians.

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