Word: greenwood
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...embattled executive to take the Fifth Amendment on Capitol Hill, when he appears this week before Representative Billy Tauzin's House Energy and Commerce Committee. "We want to know what Mr. Winnick knew about the shaky state of company finances when he cashed in," says Investigations Subcommittee chairman James Greenwood. But what it doesn't get from Winnick, the committee may learn from documents that suggest Winnick was well aware of Global's financial troubles even as the company--stop us if you've heard this before--was presenting a rosy picture to Wall Street...
Tauzin and investigations-subcommittee chairman Jim Greenwood are annoyed in part because the evidence provided by Stewart's lawyers has continually "tweaked" her story, Johnson says. In the June 12 letter, they said Stewart's Merrill Lynch broker Peter Bacanovic called her on Dec. 27, informed her that ImClone's shares had dropped below $60 and sold at 1:43 p.m. The chronology helped bolster her claims of an earlier stop-loss order. But her story changed with new documents obtained from Stewart's office six days later. Instead of a single call from Bacanovic on the afternoon...
House Energy and Commerce Committee spokesman Ken Johnson confirmed the sales. Chairman Billy Tauzin, who is leading an investigation of ImClone with Representative Jim Greenwood, says the timing deepens suspicions of illegal insider trading. "Everyone but the mailroom boy was dumping stock," Tauzin told TIME. "You can't tell me they all suddenly had a hunch to sell...
...House Energy and Commerce Committee spokesman Ken Johnson confirmed the sales. Chairman Billy Tauzin, who is leading an investigation of ImClone with Representative Jim Greenwood, says the timing deepens suspicions of illegal insider trading. "Everyone but the mailroom boy was dumping stock," Tauzin told Time. "You can't tell me they all suddenly had a hunch to sell...
...twist, Stewart's syndicated TV show on Thursday aired a rerun of an April 2000 episode featuring Stewart cooking gumbo with Representative Billy Tauzin, the Louisiana Republican who, with G.O.P. Representative James Greenwood of Pennsylvania, is leading the committee investigating her. Stewart's office called Tauzin to be sure he knew the show was running. Stewart said the airing was "a matter of course." Her spokesperson said notifying Tauzin was "routine." It's the only thing about this saga that...