Word: adelphia
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...pattern in your story on the fall of WorldCom's former CEO Bernie Ebbers and other corporate fraudsters who may be facing hard time [March 28]. You reported that "Ebbers said he was too ignorant about accounting to detect the financial crimes of his underlings." John Rigas, CEO of Adelphia Communications, "claimed he was CEO in name only." And Richard Scrushy, CEO of HealthSouth Corp., "thought his financial officers, though aggressive, were operating within the confines of the law." It is stunning how men who claim to be so clueless came to run huge companies and earn salaries that would...
...occasssionally played this season…For interested fans, tickets are still available to the ECAC Championships, both single day passes (good for two games) and weekend passes. To order tickets go to pepsiarena.com...For those not in the Albany area, the games will be televised on the CN8, Adelphia and Time Warner cable networks. For those without cable television (i.e. residing in almost any Harvard dorm room) a live webcast will be available at www.cn8.tv...
...TAKING FROM THE TILL Adelphia Communications' John Rigas and Tyco boss Dennis Kozlowski used company money as their own, say prosecutors. Among the charges against Kozlowski, whose trial is under way: throwing a $2 million party on Sardinia for his wife, funded mostly by Tyco. Kozlowski and Rigas, whose trial starts in February, both say they're innocent...
...Adelphia...
...made up his mind about how involved he would be. But WorldCom is not the only troubled company he has his eye on. Sources tell TIME that Giuliani Partners, the ex-mayor's consulting firm, is mapping out a broader role as a consultant to scandal-tarred companies like Adelphia and Tyco. No clients have yet been signed, but a major one will be announced within weeks, a source says. Giuliani Partners is also helping global real estate firm Cushman & Wakefield vet for security problems. And it hopes to work with brokerage firms to resolve problems stemming from conflicts...