I give up on Apple. Clearly they either don't care about business users, or are for whatever reason unable to fix this bug in a timely way. I suppose they think that we're willing to sit for a cumulative fifteen or twenty minutes a day waiting for each email we open to populate.
I have installed the free Microsoft Outlook app on my iPhone. It was painless and doesn't have the problem this thread discusses. It's interface is almost identical to Apple's, so it was no trouble to learn. And frankly, I like some of it's features more than Apple's iPhone email app.
Glad to be done wasting my time waiting for Apple to fix this problem or even simply acknowledge it!
Good riddance.
Life's too short, and we're all to busy to suffer because a vendor is fails on their promise to respect their customers.