 bistro777Donuts-Is There Anything They Can't Do?Premium
join:2002-02-07
Englewood, CO | reply to wifi4milez
Re: Do you hear that? I should have use "begin sarcasm" and "end sarcasm,"  because UTOPIA isn't generating revenues, and Qwest was desperate to buy MCI for the "monthly dollars" it generates.
From today's Denver Post - - -
The SEC alleges that Nacchio and other Qwest officials inflated revenues by $3 billion by portraying one-time sales of capacity on the company's fiber-optic network as recurring revenue.
The government described Qwest under Nacchio as "a culture of fear," with subordinates desperate to meet his demands to hit revenue targets.
The SEC seeks to have the executives repay stock-sale profits and other gains. In Nacchio's case, stock-sale profits alone amounted to more than $176.5 million in the period covered by the SEC's probe.
Things just went from bad to Qworst. |
