MOTO6809
join:2007-11-05
Springfield, MA
| Senior Management
You have to blame senior management back in the late 90's until around 2002. Poor business decisions and fraud. They paid way to much for crap systems and then had to rebuild them on top of it.
I give Neil credit, he seems to have the company going in the right direction. Time will tell!
Wiki -The company was involved in an accounting fraud in 2000/2001 (relating to the inflation of revenue and operating cash flow and cable subscriber numbers) for which four former executives received criminal indictments in 2005. The company had been under financial pressure following a series of acquisitions; its stock peaked at $27.75 per share in November 1999, before falling to under $1 in 2002.[ |
