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Strategies & Market Trends : Mr. Pink's Picks: selected event-driven value investments -- Ignore unavailable to you. Want to Upgrade?

To: Mr. Pink who wrote (13700)	7/17/2000 6:16:20 AM
From: oryx	Respond to of 18998

And a very indebted one...From London's Sunday Business "In a column published on Friday, he (Graef Crystal US executive pay guru)says that three members of the insurers' board-all members of the compensation committee that negotiated Wendt's deal-had invested $116mn in borrowed money in Conseco shares in the past three years, only to see their value collapse. "If you owe $127mn on loans you used to buy shares at $30," Crystal says, "wouldn't you do just about anything to get out of the hole?"