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Level 3 Agrees to Purchase Global Crossing

Subject: Level 3 Agrees to Purchase Global Crossing
From: streiner at cluebyfour.org (Justin M. Streiner)
Date: Mon, 11 Apr 2011 12:24:15 -0400 (EDT)
In-reply-to: <[email protected]>
References: <[email protected]> <[email protected]> <[email protected]> <[email protected]> <[email protected]>

On Mon, 11 Apr 2011, David Coulson wrote:

> Wasn't there a telco CEO who would blow that much in strip clubs? Savvis 
> springs to mind, but I don't remember.

I seem to recall several dot-com-era CxOs spending very lavishly on 
themselves, or getting their employers to give them large 'loans' that 
were never paid back.  Ken Lay, Jeff Skilling, Bernie Ebbers, Gary 
Winnick, Joe Nacchio, etc...

The story of former Tyco CEO Dennis Kozlowski spending $2 million on his 
wife's 40th birthday party springs to mind...  Tyco paid for half of it, 
under the guise of the party being a shareholder meeting...

jms

Follow-Ups:
- Level 3 Agrees to Purchase Global Crossing
  - From: david at davidcoulson.net (David Coulson)

References:
- Level 3 Agrees to Purchase Global Crossing
  - From: william.allen.simpson at gmail.com (William Allen Simpson)
- Level 3 Agrees to Purchase Global Crossing
  - From: jra at baylink.com (Jay Ashworth)
- Level 3 Agrees to Purchase Global Crossing
  - From: dorn at hetzel.org (Dorn Hetzel)
- Level 3 Agrees to Purchase Global Crossing
  - From: mwalter at 3z.net (Mike Walter)
- Level 3 Agrees to Purchase Global Crossing
  - From: david at davidcoulson.net (David Coulson)

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