Wheel, Deal, and Steal: Deceptive Accounting, Deceitful CEOs, and Ineffective Reforms

Part III. The Failure of Checks and Balances

I grew up in a small rural town called Williamson, New York. I am a descendent of slaves. This is my story. I have worked 31 years at the phone company. I raised two children all by myself and I never asked assistance for one penny, because I didn’t have to. To me, $86,000 to supplement my pension was like having a million dollars. I was so proud of myself. I thought for sure with Global Crossing buying Frontier I would reach my goal of $100,000 so that my retirement years would be comfortable years, and I even could leave something for my children. That’s why I held on, believing the statements a Global Crossing executive made when the stock was failing. Tom Casey sent an e-mail telling us the company ...