Re: Verizon's shame is Fairpoint -

Author	All Replies
fAcEtIOUs Premium join:2002-03-03 kudos:4 1 edit	reply to morbo Re: Verizon's shame is Fairpoint said by morbo: It's not difficult to place much of the blame for Fair Point directly on Verizon's shoulders. Just look at the results: Verzion gets a disproproptionate tax write-off for dooming the new company to bankruptcy. It's like a murderer getting off on a minor technicality: it's legal but we all know they are completely guilty of screwing everyone over. Fairpoint has to take a major share of the blame for paying so much in the 1st place. Their mgt paid more than it was worth and took on more debt than they could handle(helped along by the recession and debt crisis). They should not have made this deal under the terms Verizon offered. No one forced them in to this deal.
fAcEtIOUs Premium join:2002-03-03 kudos:4 1 edit	to forum · permalink · 2010-02-08 10:59:45 ·
tim_k Buttons, Bows, Beamer, Shadow, Kasey Premium,VIP join:2002-02-02 Stewartstown, PA kudos:13	said by fAcEtIOUs: No one forced them in to this deal. Exactly. I'm sure the top execs at Fair Point cooked up some deal to base their bonuses on the number of new customers. Triple your customer base and rake in the big bucks. If the company goes under, move on to your next victim. Some of these executives are nothing but legalized swindlers. -- RIP my babies Buttons 1/15/94-2/9/07, Beamer 7/24/08, & Bows 12/17/94-10/11/09
	to forum · permalink · 2010-02-08 11:24:51 ·

Fairpoint Files Bankruptcy Plan > Verizon's shame is Fairpoint