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Q: GlobalCrossing former executive building $50 million new house ( Answered 5 out of 5 stars,   0 Comments )
Question  
Subject: GlobalCrossing former executive building $50 million new house
Category: Business and Money
Asked by: aragner-ga
List Price: $2.00
Posted: 20 Jul 2002 07:32 PDT
Expires: 19 Aug 2002 07:32 PDT
Question ID: 43162
I hear the former CEO of GlobalCrossing is building a $50,000,000
house in Florida, one of the two states in the country where you can
build a house if you're bankrupt.  The other state is Texas.  This
despite the fact that 35,000 GlobalCrossing employees are out of work.
 Can you supply a good article referencing this information?
Answer  
Subject: Re: GlobalCrossing former executive building $50 million new house
Answered By: lisaradha-ga on 20 Jul 2002 12:13 PDT
Rated:5 out of 5 stars
 
Hi,

Here is the article from Monday's USA Today that states there are five
states that will allow people to keep their homes if you're bankrupt. 
It also discusses 2 Global Crossing CEO's home construction along with
floks from Enron and Martha Stewart.

http://www.usatoday.com/money/economy/housing/2002-07-15-rich-infamous-homes.htm

This article also refers to the information you requested it is from
today's New York Observer.  It states that there were 9000 people put
out of work.

http://www.observer.com/pages/story.asp?ID=5666

I hope this helps,
lisaradha
aragner-ga rated this answer:5 out of 5 stars
Outstanding work.  I got two hyperlinked articles, very promptly, with
factual corrections to my information.  I'm very pleased with this
researcher and with Google for offering the service.

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