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Re: Level 3 Agrees to Purchase Global Crossing
From: "Justin M. Streiner" <streiner () cluebyfour org>
Date: Mon, 11 Apr 2011 12:24:15 -0400 (EDT)

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



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