Word: adelphia
(lookup in dictionary)
(lookup stats)
Dates: all
Sort By: most recent first
(reverse)
Tyco, of course, is only one of many corporations--Enron, Global Crossing, Adelphia, Dynegy--that have recently been tainted by scandal, visibly damaging the confidence of investors and weighing on the stock market. "People have real fears and concerns about the integrity of the marketplace," says Patrick McGurn, vice president of Institutional Shareholder Services, a firm that advises big investors like pension funds...
...ADELPHIA The cable-TV provider is worth $7.7 billion less than in January...
...EXECUTIVE COMPENSATION] [Thoroughly rotten] Adelphia guaranteed $3.1 billion in loans to off-balance-sheet partnerships owned by founder John Rigas' family. Some of the money was used to build the Rigases a golf course...
...INSIDER STOCK SELLING] [A little fishy] The family borrowed $1.8 billion from Adelphia to buy more of its stock and convertible bonds and subsequently used corporate funds to cover $241 million in margin calls...
...AVOIDANCE] [A little fishy] The Rigases could face tax penalties for the guaranteed loans and any transactions that were not conducted at arm's length between Adelphia and Rigas-owned businesses...