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Pastimes : The worst CEO of 1997... Vote Here! -- Ignore unavailable to you. Want to Upgrade?


To: JEFF CHAPMAN who wrote (1)11/29/1997 7:12:00 PM
From: Rob S.  Read Replies (1) | Respond to of 89
 
Jeff, I agree with your nomination of Mr. Siegler or MRII. What a dufus. It's too bad that the laws and practice of law are construed to protect a*****s like this from personal prosecution for fraud and neglect of fudiciary responsibility to investors. He may have a few sleepless nights, but otherwise can move on or retire at anytime with millions of shareholders money. Maybe I'm in the wrong business (or have too high of morale standards) - the name of the game for Jerry Siegler seems to be pump up a company, gouge it with huge fees, sell it acquisitions of failed assets from your other enterprises, and use it to buy personal bennies like lavish corporate jets. I'm glad he was caught before he used company assets to purchase a casino in Siberia.



To: JEFF CHAPMAN who wrote (1)11/29/1997 7:37:00 PM
From: Serge Collins  Read Replies (1) | Respond to of 89
 
In spite of the bull market that we're in, it was a banner year for this category. I name just two: Tom Vassiliades, Gandalf Technology; James Ting, Semi-Tech Corporation. If it weren't for the handy work of David Walsh, these two would qualify as co-winners.



To: JEFF CHAPMAN who wrote (1)12/1/1997 9:49:00 AM
From: Mike Gold  Read Replies (1) | Respond to of 89
 
Jeff, I have to add my vote for Mohammand Zayed, the former GIFS CEO.
I believe he more criminal charges against him that the rest of the nominees combined. Who else can claim that they are being hunted by the FBI, SEC, Customs, State of Tennensee, even individuals investors not to mention several soverign nations?
I believe the scam that he almost pulled off had more finese than the Bre-X scam thou at a much smaller scale. I think the only thing they recovered from the company was his Rolls Royce and a couple of cats.
(Not sure if the cats have been brought up on federal charges as evidence is scanty and the cats aren't talking!) He was so crafty that his employee's received their weekly pay cheeks by wire from Costa Rica! His downfall was a stolen briefcase which was found to contain bundles of money, jewels, and unregistered GIFS shares which he was dumping around the world while proclaiming a share buyback program at the same time! I knew I was in trouble when the SEC halted trading and included more than a dozen aliases that he commonly used on the document. His famous last words before he fled the country was-"GIFS is like the phoenix-it will rise again from the ashes". Investors, beware!