Lucky for him, he sold hundreds of millions in Global Crossing shares before the fall.
WorldCom is another big telecoms group, but its problems dwarfed those at Global Crossing.
And Asia Global Crossing will get several of its cables up and running even before Tiger.
On June 30th, eight separate suits were pending over Global Crossing, and 15 over WorldCom.
But all the numbers flying around raise the interesting question of who lost what in Global Crossing.
Some of my own bullish calls made in this column--Global Crossing, Worldcom, Siebel Systems--retain only the smell of bull.
It's too late for Enron and Global Crossing, but the lowly corporate ombudsman may yet become a hot hire.
Global Crossing, Qwest, Level 3 and At Home are proof you can make a fortune attacking the old telecoms.
The string of accounting scandals that shattered Enron, WorldCom, Global Crossing and others evaporated billions of dollars in market value.
Imagine how a combination of, say, Global Crossing or Williams fiber and Yipes services could kill the local phone company.
But early next decade, Global Crossing (or its slayer) could sell a terabit fiber-optic connection for a penny an hour.
To be on the safe side, he also put newer carriers like Global Crossing and Qwest on Cyras' advisory board.
The deal involved Asia Global Crossing, a 1999 joint venture by Global Crossing, Softbank and Microsoft to build an Asian network.
In April, political opposition in America led to his withdrawal of a bid for Global Crossing, a bankrupt American cable operator.
Even before the latter's corporate financial meltdown, however, Global Crossing and other telecommunications companies were demanding that the award be reconsidered.
The string of accounting scandals that shattered Enron, WorldCom, Global Crossing and others caused billions of dollars in market value to evaporate.
In the wake of Enron and Global Crossing, new laws and regulations are popping up in Washington like daisies in a cemetery.
Global Crossing founder Gary Winnick, laid underwater fiber optic cable network across the Atlantic Ocean and became a billionaire in 1.5 years.
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The biggest is Asia Global Crossing, a venture backed by Global Crossing, Microsoft and Goldman Sachs, as well as by Japan's Softbank.
According to Lucent, telecommunications service provider Global Crossing plans to conduct field trials of the WaveStar system before the end of the year.
Terms call for Global Crossing holders to get 16 shares of Level 3 for every Global Crossing common or preferred share held at closing.
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He was a stand-alone CEO once a decade ago when he left the CFO post of Microsoft to run the Global Crossing competitor 360networks.
The last issue of Forbes told how Global Crossing plans to turn a profit selling a transatlantic phone call for one cent a minute.
The telecoms companies lost fortunes on laying that fibre (indeed, several, including such as Global Crossing, went resoundingly bust for billions in doing so).
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And now Gary Winnick has a new deal for shareholders: He wants to merge Asia Global Crossing's publicly held 43% stake back into the parent.
Gary Winnick and his serial executives at Global Crossing (otc: GBLXQ - news - people ) also submitted to the crucible of experience.
Many of America's downfallen (Tyco, Global Crossing, WorldCom) were hastily bundled together amalgamations of companies that lost their distinctive ways and found nothing to replace them.
The same probably can be said of Hutchison Whampoa's just-announced purchase of a 61.5 percent majority interest in the bankrupt Bermuda-based telecommunications firm, Global Crossing Ltd.
The list includes Global Crossing founder Gary Winnick , New Line Cinema Chairman Robert K. Shaye , the two sons of the late Treasury Secretary William E.
It's hard to fathom in retrospect that Winnick was able to start Global Crossing as an undersea cable builder in 1997 and take it public a year later.
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