bistro777
Donuts-Is There Anything They Can't Do?
Premium
join:2002-02-07
Englewood, CO
1 edit | Before we get toooooo excited...
...remember that, after a series of successes, Craig McCaw founded XO Communications. By the end of 2001 the start-up found itself mired in $7 billion worth of debt. On June 17, 2002, XO filed for Chapter 11 bankruptcy protection.
According to the Financial Times' list of "Barons of Bankruptcy," Mr. McCaw ranked #7 after cashing-out of XO for mega-bucks. (He's ranked in the Forbes 400 of wealtiest persons in America).
But the telecom implosion did affect his lifestyle a bit - sold a 780-acre island near Vancouver, his 300-foot yacht, a jet, etc.
So let's see what kind of substance and staying-power Mr. McCaw has this time around before we get tooooo excited... |
