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Pastimes : Clown-Free Zone... sorry, no clowns allowed

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To: yard_man who wrote (147905)	2/1/2002 6:31:58 PM
From: mishedlo	Read Replies (2) of 436258

What's with these MORON CEOs worth billions or hundreds of millions, risking it all by going on margin? I do not get it. I hope he goes under just like the idiot on OCCF. ======================================================================== WCOM WorldCom CEO could face margin call (9.87 -0.18) This morning's WSJ reports that CEO Ebbers could be forced to sell some of his 27 mln shares to repay personal loans totaling $183.7 mln from Bank of America. According to a 3/01 SEC filing, the loan is due and payable on the business day following the first day WCOM closes at or below $10. Yesterday, CNBC reported that WCOM sees no foreseeable circumstances under which Ebbers would be forced to sell his stock. However, the WSJ article reports that industry observers believe he may wind up having to pay at least part -- if not all -- of the debt, and may not want to restructure the arrangement given Ebbers' history of facing margin calls. WCOM shares closed below $10 for the first time since 1995 on Wednesday.

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