48 ms·
Apologies - that second bullet point was supposed to be: [1] The deflection was because his solution was to sell the company to Global Crossing -- at the time,
by mdip 10y ago
Apologies - that second bullet point was supposed to be:
[1] The deflection was because his solution was to sell the company to Global Crossing -- at the time, a dot-com darling publicly traded on NASDAQ that lost heaping amounts of money. There really was no choice. Frontier was doomed because of the costs of its new SONET network and Global Crossing was offering way too much money so that passing up the deal would guarantee a shareholder lawsuit.