I notice that he calls himself a "Christian", but I don't think this sort of behavior is condoned in the Bible:
<<< While the average sucker was listening to all the blowhards on CNBC tell him that he should buy even more stock, the ultra-rich were quietly getting out of the market, selling off the stocks of their own company first. In September 2002, Fortune magazine released a staggering list of these corporate crooks who made off like bandits while their company's stock prices had dropped 75% or more between 1999 and 2002.
At the top of the list of these evildoers was Qwest Communications. At its peak, Qwest shares traded at nearly $40. Three years later the same shares were worth $1. Over that period, Qwest's director, Phil Anschutz, and its former CEO, Joe Nacchio, and the other officers made off with $2.26bn simply by selling out before the price hit rock bottom. >>>
zmag.org
Tom |
