Check this out.
World Development Federation: Expert Panel on Communications (41.)U.S. West: U.S. Senator Gary Hart (financing packages)*******
(May 17, 1999) GLOBAL CROSSING BUYS USWEST "It seems like almost no one in the U.S. had even heard of Global Crossing six months ago. Now they are taking over some of the largest telecomms in the country. Technically, this should go down as a merger, though Global Crossing obviously has the upper-hand in the deal. What is unclear from the release is if US West will be changing their name. Also unclear is how the FCC would allow an RBOC like US West to own a long distance company (Frontier), when it is not itself allowed to offer long distance service in most states. Obviously, this deal still has some regulatory hurdles to clear."
(May 17, 1999) This Way to the Future, Stay Tuned [Excerpt] The new Global Crossing Class L shares will include: U S WEST's 16.6 million local telephone lines in 14 Western and Midwestern states. Frontier's 1.0 million local telephone lines. The U S WEST Dex printed directory business. Frontier's printed directory business.
The merger is expected to be immediately accretive to Global Crossing Class G operating cash flow and to Global Crossing Class L earnings per share. The transaction will be accounted for as a purchase, and is expected to be tax-free to U S WEST and Global Crossing shareholders. The new Global Crossing Corporation will be incorporated in Delaware, headquartered in New York City, and have operations in Denver;
Rochester, NY; Los Angeles; the New York/New Jersey metropolitan area; Minneapolis; Phoenix; Seattle; London; Tokyo; Amsterdam; Buenos Aires and many other locations throughout the world. The transaction is subject to the approval of shareholders of both companies, expiration of the applicable waiting periods under the Hart-Scott-Rodino Antitrust Improvements Act, and approval by the Federal Communications Commission and other regulatory review. It is expected to close by mid-2000 [End Excerpt]
(November 18, 1999)--Secretary of Defense William S. Cohen's speech to Global Crossing--[Excerpt] The American Civil War soldier and Supreme Court Justice Oliver Wendell Holmes Jr. once wrote, "I believe in my country. Next to my country, my crowd, and England is my crowd." So let me say that I am both honored and humbled to stand before this distinguished crowd tonight. I’ve visited 18 countries during the past 40 days, so when Lod asked me to come to Global Crossing I took him literally, travelling 16 hours from Chile. [End Excerpt] ----(I still can't believe this man was Secretary of Defense)
(From this thread)-Quiet Global Crossing Board Member: Former Secretary of Defense-- The company paid a former justice department lawyer, Anne Bingaman $2.5 million for lobbying efforts. Bingaman was assistant Attorney General under Janet Reno, head of the Anti-trust Division and considered an expert in international monopolies. Global Crossing owns 20 percent of all undersea communications cable and was increasing its ownership. She is also the wife of Senator Jeff Bingaman, D-NM, one of those investigating Enron.
(June 12, 2000)-- When Mr. Bingaman went to Washington, Mrs. Bingaman [Excerpt] was stunned to find that Washington considered political wives "dumb, arrogant, boring" women who live in the suburbs. She knocked at 35 doors before joining a high-powered D.C. firm. She describes all this not as complaint but as a series of humorous events. And this is the woman who's supposed to quake and change her career path at the rantings of Billjohn Redmondendahl? She's now chairwoman and CEO of Valor Telecommunications, the largest Hispanic-owned telecom company in the country. When you consider that among the heavy hitters who started this company are the venerable Lujans, Manuel and Ed, Republican stalwarts, the conversations among the party's leadership must be interesting these days. That's just one reason it's unwise to shoot at Valor. The other is the telecom landscape these days. Listen to any five minutes of conversation among business people, and four minutes will be spent complaining about US West. (That's another column.)
Valor is now acquiring the old GST network in the process of becoming a powerhouse in the Southwest. What Billjohn Redmondendahl don't seem to understand is that Valor is the best and, at the moment, only alternative on the horizon. [End Excerpt]
Hart-Scott-Rodino Antitrust Improvements Act of 1976 [Hart-Scott-Rodino Improvements Act of 2000]
(April 16, 2001)-Novell and Cambridge Technology Partners Announce Early Termination of Hart-Scott-Rodino Waiting Period [Excerpt] PROVO, Utah and CAMBRIDGE, Mass.- -Novell, Inc. (NASDAQ: NOVL), the leading provider of Net services software, and Cambridge Technology Partners, Inc. (NASDAQ:CATP), a global eSolutions provider, announced today that early termination of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976, as amended, has been granted, effective April 30, 2001, relating to their previously announced proposed merger.
Editors Note: The Hart-Scott-Rodino Antitrust Improvements Act of 1976 requires that parties to certain mergers and acquisitions file notification with federal antitrust authorities and obtain clearance prior to consummation. The statute imposes a 30-day waiting period during which time the government reviews the competitive aspects of the transaction. The statute is intended to identify transactions involving competitive overlaps between the parties. Where such overlaps do not exist, the government typically grants early termination of the 30-day waiting period imposed by the statute. [End Excerpt]
(February 2001)CompTel Attendance Skyrockets in Orlando [Excerpt] CompTel also launched its Hall of Fame for the "Champions of Competition" with a private ceremony. Eleven people were inducted. They are:
William Baxter Jr., former Assistant Attorney General, antitrust division, U.S. Department of Justice (www.usdoj.gov);
Anne Bingaman, chairman and CEO, VALOR Telecom LLC (www.valortelecom.com);
Thomas Bliley, former U.S. Representative, R-Va.;
Bernard Ebbers, president and CEO, WorldCom Inc. (www.worldcom.com);
Judge Harold Greene, U.S. District Court, District of Columbia (www.dcd.uscourts.gov);
Sen. Ernest "Fritz" Hollings, D-S.C.;
Rep. Edward Markey, D-Mass.;
Bill McGowan, founder and CEO, MCI Communications Corp.;
Alan Peyser, co-founder and chairman, Simplexity.com Inc. (www.simplexity.com);
Sen. Ted Stevens, R-Alaska; and
Roy A. Wilkens, president and CEO, data network operations, McLeodUSA Inc. (www.mcleodusa.com).
Baxter, Greene and McGowan were honored posthumously.
On the second day, former Ohio Democratic Senator John Glenn wowed the crowd with a keynote speech that promoted public service and education. [End Excerpt]
20th ANNIVERSARY CELEBRATION & LUNCHEON (By ticket only) John Glenn's appearance sponsored by Global Crossing- Laser Show sponsored by El Paso Global Networks- Champagne Toast sponsored by EPIK Communications- Location: Grand Ballroom 7 --- Everyone should be in the Grand Ballroom by 12:15 pm to be seated in time for the "Laser Show Celebration." Admission is by ticket only and tickets will be collected at the door. Those who have purchased tickets should have received them with your registration badges. Keynote Speaker: Senator John Glenn In 1998, as John Glenn and his crew ascended into the Earth's Orbit among the full throttle of rockets and glowing engines, NASA proclaimed: "Lift off of Discovery with a crew of six Astronaut heroes and one American legend." John Glenn: American legend, Astronaut, United States Senator, distinguished Marine, Businessman, Husband, Father. Be sure you're on hand for an awesome opportunity to be inspired by this sterling American hero! [End]
Gosh, I wonder if John Glenn made any money with Globl Crossing.
(April 2001) Hart-Rudman Calls for Homeland Defense-- "Such was the principal conclusion of the US Commission on National Security/21st Century, better known as the Hart-Rudman Commission after co-chairmen Gary Hart, a former Democratic Senator from Colorado, and Warren Rudman, a former Republican Senator from New Hampshire. The panel was chartered in 1998 by Defense Secretary William S. Cohen. It has now reported to both Cohen and to President Bush's Pentagon leader, Donald H. Rumsfeld." (This was the Commission Gary Hart was getting security clearance for when William S. Cohen came down on the agent investigating Hart.)
And I am SO glad to see Senator Foghorn Leghorn's name on that list.