[thinden]

First, companies tied to Alan Quasha and Harvard Management lent Harken $46 million. Harken used $15 million of that money to retire E-Z Serve debt. It spent $28 million more on capital improvements at E-Z Serve and Tejas stock. Harken kept the remaining $3 million. The company then gave its shareholders rights to buy E-Z Serve and Tejas stock. An agreement stipulated that any stock not purchased by the shareholders could be bought at a discount of at least 3 percent by two companies affiliated with Quasha and Harvard. But Quasha and Harvard controlled 55.6 percent of Harken stock. By not exercising the rights to buy it immediately, they effectively gave themselves the built-in discount. Harvard Management declines to discuss the deal.

seeds of enron planted here? minus the star wars names, it kinda looks like the same management style. wonder if anderson was "consulting" back then?

[rdavis84]

"seeds of enron planted here?"

Don't forget, they'd all come off of the S&L ride (rape?) just before that.

[Boyd]

I see not much has changed.

I did see the story. Thanks.