On Thu, May 02, 2002 at 04:04:56AM -0400, blitz wrote:
http://biz.yahoo.com/rc/020502/telecoms_worldcom_1.html
Bernie was dragged kicking and screaming out of Wcom today according to news I read....perhaps they chained him to his multi-milliondollar sailboat and pushed it twords the Bermuda triangle. John Sidgmore is now CEO. Yawn... Of course, they make little mention of his $630 mil "loan" that seems to be "dissapeared".
It hasn't all dissapeared, unless Mr. Ebbers is lying (which may be the case) - http://www.wlbt.com/Global/story.asp?S=764406 --- Case: What are you going to do now? Ebbers: I'm going to spend my time fulfilling my obligation to the company. One is to liquidate the debt I owe the company. Case: Which is how much? Ebbers: Three hundred and sixty some million dollars. Case: And how are you going to do that? Ebbers: The good Lord has given me assets which have a much greater value than that. I'm going to be restructuring those assets or maybe selling some of them. John Sidgmore has asked me to stay on to be a consultant to him. I'm going to do everything I can to help the company. It will be an adjustment but it'll be fun. --- The interview overall is fairly amusing. Rachel -- The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt. - Bertrand Russell