Loral Space & Communications Message Board

STOCKTALK

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor. We ask that you disable ad blocking while on Silicon Investor in the best interests of our community. If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.

Technology Stocks : Loral Space & Communications

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next

To: Don Limb who started this subject	9/26/2003 7:53:32 PM
From: SafetyAgentMan	Read Replies (1) of 10852

Check out Kevin Burn's letter to Forbes regarding the article Betting on Bernard. It says it all. Letters forbes.com Head-Hunting With regard to "Betting on Bernard"(Sept. 15, p. 50), Loral Chief Bernard Schwartz's legacy will speak for itself. As a private investor who has listened to dozens of Loral conference calls over the last five years, I was incredulous upon reading, "I don't feel guilty or sorrowful about anything we did--or didn't do." Aided by an ineffective board of directors, Schwartz talked a good game but never delivered. He bet the farm on risky adventures while promising shareholders he would never put the parent Loral in jeopardy. He destroyed his employees' retirement plans, bankrupted two companies in less than two years, collected an enormous salary and lost shareholders billions of dollars, all the while insisting that everything was going according to plan. The fact that he or any bankruptcy court actually believes he should still be in charge amazes me. Kevin Burns Westport. Conn.

Report TOU Violation

Share This Post

Public Reply Prvt Reply Mark as Last Read File

Previous 10 Next 10 Previous Next