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To: H James Morris who wrote (144992)8/7/2002 10:29:11 PM
From: Victor Lazlo  Read Replies (1) | Respond to of 164684
 
yup it's pretty sad, eh?

If you were the CEO of Tyco you wouldn't have these problems.

The 30 mill loan for one of the CEO's many residences was forgiven and reclassified as a bonus. But even the Tyco board was not informed of this 'bonus.'

But then Koslowski had to pay taxes on the new bonus, so another bonus was awarded, this time for 13 mill to cover the income tax on the other bonus.



To: H James Morris who wrote (144992)8/7/2002 10:50:05 PM
From: Glenn D. Rudolph  Respond to of 164684
 
"17 years ago one million was a big risk for me. Back then a million in debt REALLY got my attention.
Now, WCOME blows off 35 billion and its no big deal. "

That was why I was laughing about the line of credit this morning. It is a nothing compared to these firms.


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