Former Qwest CEO indicted, bond set at $2 million

[El Supremo]

DENVER - Former Qwest CEO Joe Nacchio was led into court in handcuffs before pleading not guilty to 42 counts of insider trading.

http://www.9news.com/acm_news.aspx?OSGNAME=KUSA&IKOBJECTID=4945ab2b-0abe-421a-0187-4ca41d96ad1c&TEMPLATEID=0c76dce6-ac1f-02d8-0047-c589c01ca7bf

[cornermouse]

1. When is it Ken Lay's turn?

[Warpy]

2. YES YES YES YES YES

Bastard presided over outsourcing most of the office jobs they had in this part of the country.

He's still being lauded as a great businessmen for condemning Americans to low paid service work (not that a lot of those QWest service jobs were a whole lot better, but they did have health care), so I doubt we'll ever see him prosecuted for his real crime.

However, we'll take what we can get out here.

[koopie57]

3. I'll like to see him

spend the rest of his life working for a minimum wage, no benefits, in a chicken processing plant.

[Julius Civitatus]

4. I made this Flash video a few years ago about Nacchio

and other corporate criminals. It's an oldie but goodie:

http://img45.exs.cx/my.php?loc=img45&image=28-kenny_boy.swf

Enjoy. Check out his crib.

[Rich Hunt]

5. that's wonderful!

Love the use of 'elevator music' - hilarious. I'm gonna send that one around.

[AnnieBW]

6. Ride the Light

My husband used to work for Qwest. Don't get me wrong - they were pretty good to him. Just not as good as they were to Nacchio. :D Their slogan at that point was "Ride the Light". Yeah. Ride the light all the way to prison!

[cosmicdot]

7. Quest, part of the corporate axis of evil and good ol'boy network

fwiw, Arthur Andersen kept the books for Qwest, too.




On January 7, 2002, Qwest Chairman and CEO Joseph P. Nacchio was named Chairman of the Federal Communications Commission's (FCC) Network Reliability and Interoperability Council (NRIC). The appointment was announced by FCC Chairman Michael K. Powell.

"In addition to his role as chairman of the NRIC, Nacchio is vice chairman of the National Security Telecommunications Advisory Committee (NSTAC), a select group of industry executives that provides advice on security and emergency preparedness issues to President George W. Bush.


http://www.hereinreality.com/news/axis.html