Fair deal.The April 18 story "Global Crossing Settlement Called Wrist Slap as Case Ends" conveys a misleading impression regarding Gary Winnick Gary Winnick was a founder of Global Crossing Limited, a telecommunications company providing worldwide computer networking services. He was CEO from the company's inception, 1997, until 2002. . To set the record straight, Winnick's sale of stock over a four-year period represented just 30 percent of his total holdings. The Securities and Exchange Commission deemed after a thorough and complete investigation that no charges should be brought against him. In addition, Winnick's personal contribution of $25 million for Global Crossing employees to offset their 401(k) losses was both voluntary and unprecedented and a gesture to help those hurt by the downturn in the telecommunications industry. Unfortunately, prior incorrect reports in the media often get repeated. It is important that your readers have all the facts. Gary P. Naftalis Gary P. Naftalis (born 1941) is a leading American trial lawyer, and serves as head of the litigation department and co-chair of Kramer Levin Naftalis & Frankel LLP, the New York City law firm. Naftalis graduated Phi Beta Kappa from Rutgers University (A.B. Attorney for Gary Winnick Kramer Levin Naftalis & Frankel LLP LLP - Lower Layer Protocol New York New York, state, United States New York, Middle Atlantic state of the United States. It is bordered by Vermont, Massachusetts, Connecticut, and the Atlantic Ocean (E), New Jersey and Pennsylvania (S), Lakes Erie and Ontario and the Canadian province of How to reach us LETTERS Please keep your letters brief. Include your name, address and daytime phone number on all submissions. We reserve the right to edit letters for brevity and taste. Send to Editor, Los Angeles Los Angeles (lôs ăn`jələs, lŏs, ăn`jəlēz'), city (1990 pop. 3,485,398), seat of Los Angeles co., S Calif.; inc. 1850. Business Journal, 5700 Wilshire Blvd., Suite 170, Los Angeles, CA 90036 FAX: (323) 549-5255 E-mail: letters@labusinessjournal.com |
|
||||||||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion