Excerpts: “Former CEO Seeks Precedence” Global Crossing Ltd.’s former chief executive officer, Leo Hindery Jr., is asking the bankrupt fiber-optic network operator to give him $821,714 in unpaid severance benefits, including rent on a luxury apartment in New York’s Waldorf-Astoria hotel. Hindery, Global Crossing’s chief executive from March 2000 until he resigned the following October, […]
Global Crossing
Excerpts: Global Crossing Ltd Def14A (May 08, 2000) The Executive Committee consists of Messrs. Winnick (chairman), Bloom, Conway, Cook, Hindery and McCorkindale. The Executive Committee held no meetings in 1999. With certain exceptions, the Executive Committee may exercise all the powers of the Board of Directors when the Board is not in session. In December
Excerpts: “AT&T and TCI to Merge.” “This merger is a tremendous growth opportunity for TCI’s shareowners and employees,” said John C. Malone, chairman and CEO of TCI. “As TCI continues the largescale deployment of advanced digital settop devices, AT&T’s extraordinary brand and resources are ideal complements to TCI’s broadband cable distribution and operations. AT&T Consumer
Excepts: “Cable execs slam Leo Hindery, YES.” Cox Communications Inc. president Jim Robbins told an National Show closing-session crowd in New Orleans that he sided with Cablevision and its chairman, Charles Dolan. “I called Chuck two weeks ago and said ‘hang in there. You’re doing the right thing,’” Robbins said. AT&T Broadband chairman Bill Schleyer
Excerpts: “Accounting for Gift Cards: An emerging issue for retailers and auditors.” Perhaps the greatest benefit to retailers—and one that has distinct accounting implications—is that historical consumer behavior trends show that a portion of many gift card purchases will never be redeemed. The retail and banking industries recognize the tendency of consumers to leave gift
Media Dinosaurs Look To Set Up iTunes For News
Excerpts: Media Dinosaurs Look To Set Up iTunes For News Stephen Brill, L. Gordon Crovitz and Leo Hindery Jr. have teamed up to create a system to charge for news, with the idea that any newspaper can sign up and use their system. Clay Shirky calls this an RIAA for news, while Mathew Ingram points
John Edwards Scoops Up Leo Hindery
Excerpts: John Edwards Scoops Up Leo Hindery This is interesting news. John Edwards has appointed cables sports industry giant Leo Hindery to serve as Senior Economic Advisor on his campaign. Hindery’s book It Takes a CEO: It’s Time to Lead with Integrity and his interesting recent report on the American economy under the auspices of
Stacking the deck
Excerpts: Stacking the Deck Leo Hindery’s place at the centre of America’s cable and telecom industry over the past two decades has been obscured by men whose lives are really spent in the headlines—Rupert Murdoch, John Malone or AT&T’s Michael Armstrong. But this has given Mr. Hindery something that every author craves, an inside view
Cablevision Agrees to Carry the YES Network
Excerpts: Cablevision Agrees to Carry the YES Network But two people with knowledge in the negotiations, who spoke on condition of anonymity, said the agreement gave YES the price it wanted — and which Cablevision had derided as overly expensive — but it also gave Cablevision flexibility from YES’s demand that it be available on
Excerpts: GT Group Telecom, Form F-1. We used substantial capital to fund our acquisitions of the businesses of Shaw FiberLink and Videon FiberLink, our acquisition of the Cable Atlantic competitive local exchange carrier and commercial telecommunications operations and our acquisitions from 360networks, and will have significant capital expenditures, working capital, debt service and cash flow