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Politics : PRESIDENT GEORGE W. BUSH -- Ignore unavailable to you. Want to Upgrade?

To: Bald Eagle who wrote (226185)	2/8/2002 12:50:05 PM
From: TigerPaw	Read Replies (2) \| Respond to of 769670

How many other people get an opportunity to do something like that? Bermuda-based Global Crossing was founded in 1997 by Chairman Gary Winnick, a former partner of junk-bond specialist Michael Milken, at what was then the investment firm of Drexel Burnham Lambert. Winnick raised $20 billion from investors with a plan to build the world's first privately financed global fiber-optic network. For a few short years, Global Crossing appeared to blossom. Its stock peaked at just over $60 per share in 1999, giving the company a street value of $47 billion. If all the investors ponied up $100,000 then there was 200 others. It would appear that McAuliffe didn't get much political return for his investment. Winnick was a generous donor to the Republican Party, giving $200,000 in 1999 and 2000. The company received help from Congress in its effort to ease the red tape in securing permission from the Federal Communications Commission to lay transoceanic fiber-optic lines. TP washingtonpost.com