Winnick's Voyage to the Bottom of the Sea (WSJ: Global Crossing)

Winnick's Voyage to the Bottom of the Sea (WSJ: Global Crossing)
The Wall Street Journal ^ | 20 March 2002 | ANDY KESSLER

Posted on 03/21/2002 4:26:42 AM PST by Petronski

Edited on 04/22/2004 11:46:21 PM PDT by Jim Robinson. [history]

Those who forget history are doomed to testify before congressional committees, and the execs at Global Crossing Ltd. are the latest to earn that dubious distinction. Move over, Enron. Amid allegations of sales fraud and accounting irregularities, the House Financial Services Committee opens hearings today on the accounting practices of everyone's favorite fallen telecommunications giant.

(Excerpt) Read more at online.wsj.com ...

TOPICS: Business/Economy; Crime/Corruption
KEYWORDS: govwatch

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Comment #21 Removed by Moderator

Comment #22 Removed by Moderator

To: Black Jade

Winnick's training as a junk bond dealer by Michael Milken was well-known to anyone in business circles.
How they could expect to deal with somebody like this and NOT expect to get ripped off is beyond me....

Greed does terrible things to one's reasoning powers.

23 posted on 04/03/2002 12:52:34 AM PST by Liz

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