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Re: Level 3 Agrees to Purchase Global Crossing
From: David Coulson <david () davidcoulson net>
Date: Mon, 11 Apr 2011 12:34:05 -0400

On 4/11/11 12:24 PM, Justin M. Streiner wrote:
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...

This is what I was thinking of - Awesome photo too.

http://www.msnbc.msn.com/id/9750948/ns/business-small_business/

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...
Wish I could have been a fly on the wall during the meeting when someone suggested that idea.

David


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