Chapter 4. Jets, Parachutes, and Stealth Wealth: Pay for Performance or Pay for Plundering
“My father taught me that when you play poker and win a hand, put half in your pocket and walk away from the table.” | ||
| --Vincent Galluccio, former executive at bankrupt telecom group Metromedia Fiber Networks Inc., explaining to The Wall Street Journal in an article on August 12, 2002, how he made $27 million out of selling shares in the company, which later filed for bankruptcy protection | ||
In the summer of 2002, Edward Breen appeared poised to become a very rich man. The one-time varsity wrestler had gotten more than just a hero’s welcome from desperate investors when he took over as chairman and CEO of troubled conglomerate Tyco International. A rising share ...
Get Predators and Profits: 100+ Ways for Investors to Protect Their Nest Eggs now with the O’Reilly learning platform.
O’Reilly members experience books, live events, courses curated by job role, and more from O’Reilly and nearly 200 top publishers.
