Word: winnick
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...EXECUTIVE COMPENSATION] [A little fishy] Compared with other high-flying execs, chairman Gary Winnick made a relatively paltry $3.7 million in 2000, according to executive compensation firm Pearl Meyer & Partners
...INSIDER STOCK SELLING] [Thoroughly rotten] From 1999 to last November, Global Crossing executives sold more than $1.3 billion of company stock, with Winnick cashing in some $735 million worth...
...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 during George W.'s 2000 race and has expanded his ties to Bush's Administration. Sources tell TIME that Cook met with Commerce Secretary Don Evans last June and brought up a bitter legacy of the Clinton years--the $7.2 million fee Global Crossing had to pay for running...
Global Crossing's Democratic ties are just as extensive. Winnick has pledged $1 million to Clinton's presidential library and hired several prominent Democratic lobbyists, including former Al Gore adviser Greg Simon and ex-Assistant Attorney General Anne Bingaman--wife of New Mexico Senator Jeff Bingaman...
...fruit of investing $100,000, although, like the elder Bush, he was allowed to acquire stock before the company went public in 1998. Small investors--as well as employees and creditors--caught in the firm's financial woes can only envy McAuliffe's sense of timing and that of Winnick and Cook, who together sold Global Crossing stock worth about $750 million over the past 3 1/2 years. The co-chairmen are very different. Cook is a graceful blueblood; Winnick is a colorful native of New York's Long Island who is as lavish with his friends...