Word: bednarek
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Dates: during 1998-1998
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Sometimes in business you just have to grin and bear the odd $100 million loss, and that's what PanAmSat senior VP Robert Bednarek is preparing to do with Wednesday's announcement that the company isn't likely to recover its wayward Galaxy 4 satellite. The numbers are not pretty: The company had insured Galaxy 4 for about $150 million, but it will cost an estimated $250 million to construct, launch and insure a replacement next year. That's not even counting losses from service disruptions brought on by Galaxy 4's demise...
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