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Non-Tech : Conseco Insurance (CNO) -- Ignore unavailable to you. Want to Upgrade?

To: BWAC who wrote (1575)	7/5/2000 10:37:01 AM
From: Softechie	Respond to of 4155

I've made plenty on this issue. Thanks Shorties...

To: BWAC who wrote (1575)	7/5/2000 10:56:04 AM
From: Tunica Albuginea	Respond to of 4155

CORRECTED:With Gary's reputation getting " a new mortgage on the house ", simply on his word will be a cinch. He first developed this technique early on at GE, with Tiffany's when he induced GE to lend money to it simply on the basis of Tiffany's name. ct-divorce.com (40 th paragraph down under TRIAL TESTIMONY ) "A number of witnesses testified concerning the defendant's business skills. The defendant is generally known as a deal maker. For example, the defendant was concerned about lending to Tiffany's, a premiere jewelry store. For the first time in the lending industry, GE loaned money secured by the name of the business. The intangible name, Tiffany, became an asset that could be loaned against. This new lending technique was developed by the defendant and has now become common in the lending field. A number of witnesses stated that the defendant's creation of leveraged buy-outs was the seminal event in the industry. It was widely publicized that GECS had done this transaction. As a result, GECS became a leader in leveraged buy-out transactions. This witness felt that Gary Wendt had an incredible depth of understanding of each and every business transaction including speculative credit matters. " I think stringing a string of deals together for CNC, with all the Bankers he knows, will be nothing for Gary. After all, all that GE was in the last 15 years, under Gary, is one large, ? the largest, Bank in the world. That's where GE's 40% profits came from,in the last 12 - 15 years. I think that people will be linning up all the way down and around the block to lend venture money to Gary. In fact Gary is going to have to tell many no, based on the nature of the deal. I think CNC, under Gary, will become one big, successful, Investment Bank. Imagine Gary, CNC, going into e-commerce??? He can do what he wants now. He does not have to account to Jack Welch, All IMHO TA