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FORT WORTH - U.S. Bankruptcy Judge Michael Lynn gave holders of Mirant Corp. common stock some hope that they can share in the distribution of assets of the bankrupt Atlanta energy company. In a ruling, Lynn said financial models of the reorganized company should be changed to reflect values greater than the range of $7 billion to $8.3 billion. Mirant's common shareholders have said that the power generator, which went into bankruptcy in July 2003, is worth as much as $13.7 billion. That figure, unlike the lower number offered by Mirant, would allow common shareholders to receive some of the...

Atlanta's bankrupt Mirant Corp. approved another round of executive bonuses this week, agreeing to dole out more than $1.8 million to five executives. That payout is in addition to the $2 million in salaries those executives will be paid this year and does not include an $850,000 bonus previously approved for company Chief Executive Officer Marce Fuller. The year's biggest bonus will go to Chief Financial Officer M. Michele Burns, who will get $686,100 on top of her $600,000 annual salary. Burns joined Mirant from Delta Air Lines, where she was among executives involved in a controversial bonus and pension...

<p>August 2, 2002 -- Talk about fiddling while Rome burns.</p> <p>Bankrupt service provider WorldCom is planning an all-expenses-paid booze cruise for its New York employees - and was struggling to keep the party under wraps yesterday as its disgraced financial officers were arrested, The Post has learned.</p>

<p>July 23, 2002 -- Bernie Ebbers could walk away from the WorldCom mess with $500 million in his pockets - if Uncle Sam doesn't throw him in jail and take it all. The flamboyant founder of the long-distance conglomerate managed to cash out hundreds of millions of dollars from the company in bonuses and options in recent years before it tanked from its cooked books scandal.</p>

Bush is getting blamed for the Worldcom mess on Yahoo's financial board. Thought Freepers might like to know. Here's the link. Note: The link will take you to the first message in the thread. To see other messages in the thread click on "view". To get to see a list of other messages and threads in the forum, click on "message list".