The equipment leasing industry has never faced a muckraker quite like Rhonda Roland Shearer.

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The real estate, rental and leasing industry follows close behind in the No. 2 spot, with a 3.91 index score.

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The leasing industry still contends that LILOs were incorrectly shut down.

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Intelsat made investments with the expectation of leasing some transponders to augment MUOS, according to industry and government officials.

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"Changing lease-sale schedules disrupts the certainty and consistency that industry needs for planning such investments for leasing and ensuing exploration and development, " Geoffrey Haddad, ConocoPhillips' manager of Alaska exploration wrote in a letter to the Interior Department dated May 3.

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Although the industry's top trade group, the Equipment Leasing Association, doesn't endorse Shearer's report, it distributed her bombshell to all 280 executives attending its annual meeting for investors in New York last month.

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