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Response to n2doc (Original post)

Thu Jun 19, 2014, 03:04 PM

5. Man of the people?


During his nearly four-year affiliation with Global Crossing and its Asian subsidiary, Legere approved many of the controversial "capacity swaps" that triggered federal investigations and contributed to the company's downfall. A panel of outside directors called the company's reliance on such deals "not a prudent or financially sound business decision."

* Thousands of former employees watched their severance payments vanish, but Legere went to great lengths to make sure he was paid in full. As bankruptcy loomed in 2001, for instance, Legere summoned a vacationing employee to ensure that Global Crossing paid the income taxes on a $10-million personal loan to Legere the company had forgiven.

* Without board approval, Legere spent $500,000 of Asia Global Crossing's money to settle three separate sexual harassment claims against him.

* And even after he shut the flow of free coffee at Global Crossing's new Florham Park, N.J., headquarters to save money, Legere continued to drive a Cadillac Escalade at the company's expense, fly first-class and live in a Mastnhattan apartment that costs the company an estimated $10,000 a month

A man of the people doesn't do what he does.

Three women.

And let me tell you about being in a town hall type meeting with Louise Slaughter back in early 2002 and looking out at the people that lost every single cent of their pensions due to this jerk.

Elderly people. Elderly men. Spent their whole lives climbing up and down telephone polls and this punk could have given a shit less.

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Arrow 24 replies Author Time Post
n2doc Jun 2014 OP
randys1 Jun 2014 #1
JustAnotherGen Jun 2014 #2
randys1 Jun 2014 #14
JustAnotherGen Jun 2014 #17
randys1 Jun 2014 #21
JustAnotherGen Jun 2014 #23
Jolo Jun 2014 #18
JustAnotherGen Jun 2014 #24
JustAnotherGen Jun 2014 #3
valerief Jun 2014 #4
JustAnotherGen Jun 2014 #6
LineReply Man of the people?
JustAnotherGen Jun 2014 #5
Initech Jun 2014 #10
JustAnotherGen Jun 2014 #16
ecstatic Jun 2014 #7
YarnAddict Jun 2014 #8
Initech Jun 2014 #9
MagickMuffin Jun 2014 #11
Gidney N Cloyd Jun 2014 #13
Starry Messenger Jun 2014 #12
Arkana Jun 2014 #15
leftyladyfrommo Jun 2014 #19
backscatter712 Jun 2014 #20
Orsino Jun 2014 #22
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