Word: crossinger
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When telecommunications giant Global Crossing sought bankruptcy protection last month, the messy corporate collapse had all the makings of a Democratic Enron. Republicans burned by the Enron debacle gleefully trumpeted the fact that Global Crossing had given more than half its $800,000 in campaign contributions to the Democrats during...
But as details emerge about the Global Crossing affair, it promises to be as sticky for Republicans as for Democrats. Consider, for example, the big score former President George Bush appears to have racked up with Global Crossing stock. Four years ago, for a speech to Global Crossing clients in...
Bush and Winnick claim that they don't recall exactly what was said at the reception. But there is no forgetting the coziness of Global Crossing's co-chairman, Lodwrick Cook, with the Bush family. A director of the elder Bush's presidential library, Cook gave the G.O.P. $325,000...
The company's political ties have assured access to other top Bush officials. Cook tells TIME he met with Assistant Defense Secretary John Stenbit last October to ask that Global Crossing be included in contract rebidding to hook up U.S. defense scientists. Global won an earlier bid for the $400...
Global Crossing also landed a prized seat on Evans' first foreign-trade mission, a journey to Russia in October featuring meetings with top local business and political leaders. Global was one of two telecommunications firms in a 14-member delegation chosen from 76 applicants. Within weeks of its selection, Global...