OK a little less, only 14 million. BUT, look who else had his snout in the trough:
But Global Crossing didn't skimp on Republicans by any means. In the 2000 elections, its two top recipients were Sen. John McCain of Arizona and Sen. Conrad R. Burns of Montana, both senior Republicans of the Senate Commerce Committee, which oversees the telecom industry.
Then there's the story about George Bush, the current president's father. In 1998, six months before the company went public, Bush appeared on Global Crossing's behalf at an event in Tokyo. His normal fee for such an appearance: $100,000.
But during a breakfast with the company's co-chairmen, Winnick and Lodwrick Cook (an old Bush friend and former head of Atlantic Richfield Co.) sold Bush on Global Crossing's prospects. Bush agreed to be compensated instead with $80,000 in Global Crossing stock.
Good move. Once Global Crossing went public, those shares soared in value to more than $14-million.
Of course there's also George's interest in Carlyle Group, which is sadly non-public. But not trivial. A pretty good living on an ex-spy's salary. |
