Yes, GX (Global Crossing) had a terrible reputation in the financial world.... lesser, but similar to Enron and Worldcom... Their CEO, Gary Winnick, sold his Global Crossing shares right before the SP imploded in 2002 (amazing timing- eh?? AND he netted something like $600M-$800M +/- (sound familiar....) and he escaped any consequence...... AMAZING!... hmm.
All 3 of the people you mentioned who were affiliated with making millions off Global Crossing( even while the shareholders saw their 401K's go down in flames) were also affiliated with Drexel ( think Michael Milken) in the 80's!!! Can't make this stuff up!!!
Today Winnick is working in LA
As of 2015, he was Chairman and Chief Executive Officer of Winnick & Company,[1] a Los Angeles-based private investment firm founded in 1985.[2] In 1999, Winnick was listed by the Los Angeles Business Journal as the wealthiest Angeleno with a net worth of more than $6 billion; as of 2002 his net worth was listed at $900 million.[3] In 2021, Winnick was named one of the LA500 by the journal.[4]
Quick GX related story: I went for a job interview at Global Crossing (Telecomm/Data Center ) in 2000- After the interview, the sales engineer interviewing/hiring manager took me by Winnick's office in the shiny huge headqtrs. in santa clara, CA... he told me Winnick liked to see all new potential recruits post intv'w...... As i passed his office, it was dark in there, the door was open and i saw Winnick sitting in the dark room... he barely nodded his head at me when i walked by.... was all kind of wierd........ needless to say I didn't take the job...
Hate to think that this financing SPAC has an affiliation with former GX (Global Crossing) Executives.... Yikes!
NCT
