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Nov10
"The rich are different from you and I."

As I used to do all of Qwest’s advertising  I was somewhat amused to read today that three Qwest Communications International Inc. executives made more than $43 million by cashing in stock options, according to regulatory filings this week. The sales were disclosed about a month after Philip Anschutz, Qwest's founder and largest shareholder, contracted to sell 80 million shares through 2010. Together, the sales are "not a good sign for existing shareholders," Janco Partners telecom analyst Donna Jaegers told The Denver Post in Friday's editions. "Those are sizable chunks of what they own." No kidding. Even as I write this, the Feds are all over ex CEO Joe Nacchio for pulling out $100 million in stock sales when he ran the company. Nothing was ever done about Phil Anschutz selling $1,8 billion in stock coincidentally just before it tanked big time. But as Phil owns most of Denver, and a good chunk of the rest of the known universe, not to mention being a major contributor to GOP/Conservative/Evangelical causes, I guess he gets a stay out of jail pass. And now he’s liposuctioning out another $8 billion or so. Living in Idaho, I have to wonder why my phone bills are so high?Anschutz.jpg

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Well, if you were richer than Croesus, you'd be laughing your head off as well!

 

 

 

 

 

 

 

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