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To: Bayou City
According to the NY Slimes, only GHWBush has a "Link to Global Crossing"

Not one mention of the DNC's Chief pimp, even though he parlayed 100 grand
into 18 million dollars on the backs of small investors.
Bernie Goldberg doesn't know the half of it when it comes to media bias.


(excerpt)

Concern has emerged over losses by the small investors in Global Crossing even as several of the company's high-ranking executives made money through stock deals before the bankruptcy filing.

The stock, which closed yesterday at 7 cents, hit a high of $64.25 in 1999.

Gary Winnick, the founder of the company, realized more than $730 million from selling stock in the company while it was riding high, his S.E.C. filings show.

A spokesman for Mr. Winnick has emphasized that he held onto more than 70 percent of his stake in the company.

Among the shareholders of Global Crossing at one point was former President George Bush, who took an $80,000 speaking fee in stock that at the peak was worth $14 million. It is not known when, or if, he sold his position.

The company has also been criticized for forgiving personal loans made to two of its top executives at a time when a bankruptcy filing was looming.



-snip-

47 posted on 02/09/2002 8:42:40 PM PST by MamaLucci
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To: MamaLucci
The company has also been criticized for forgiving personal loans made to two of its top executives at a time when a bankruptcy filing was looming.

Glad you brought that up Mama... Check it out HERE

Take care!

48 posted on 02/09/2002 8:53:58 PM PST by Bayou City
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To: MamaLucci
I forgot to mention that the salary was adjusted up so they wouldn't have to pay taxes.
50 posted on 02/09/2002 9:09:06 PM PST by Bayou City
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To: MamaLucci;grampa Dave;

Do you know this guy?

123 posted on 03/15/2002 10:27:15 AM PST by Ernest_at_the_Beach
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