[geeks] whoa...dow?

Ryan mattyml at daemons.net
Wed Jul 24 16:49:27 CDT 2002


Dave McGuire wrote:
> On July 24, Greg A. Woods wrote:
> 
>>>  Wow...what's up with the Dow?!
>>
>>I've decided to ignore the stock market (again), but with a vengance....
>>I.e. avoid anything and everything that even remotely "abuses" it.....
> 
> 
>   The DJIA closed up by almost 500 points.
> 
> 
>>>  Also...did you guys hear about Adelphia Comm.'s suits getting hauled
>>>off in handcuffs? :-)
>>
>>Nope, missed that -- what's up?
> 
> 
>   "John Rigas, the former head of Adelphia Communications, and two of
> his sons were freed on $10 million bail each Wednesday after being
> arrested earlier in the day on charges they looted the cable company
> of hundreds of millions of dollars to pay for luxury condos, a golf
> course, and to cover personal investment losses."
> ...
> "They each face up to 100 years in prison and millions of dollars in
> fines if convicted on all counts."

I hope the boys in prison treat them real well :) This is
sickening what some CEOs are doing to shareholders.

> 
>   http://money.cnn.com/2002/07/24/news/rigas/index.htm
> 
>       -Dave



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