Rewards Greater Than Risks for CEOs
How can anyone be surprised by cooked books, artificially inflated stock prices and illegal disbursements if you just glance at the risk-reward ratio for corporate executives [“Reports Detail Big Payments by Global Crossing,” June 17]?
Gary Winnick is accused of all of the above and pulls out hundreds of millions from Global Crossing Ltd.
What is his risk? The worst-case, extremely remote risk to him could be a year or two in a federal country club prison where he can work on his tennis game. How many people would not jump at the chance for a deal like that?
If a drug dealer is busted for 1% of that, he loses his house, car, clothes, watch and toothbrush.
Obviously, the drug dealers need more effective Washington lobbyists.
Pat Ormsbee
Newport Beach