How Will the Rigas Survive?
OK, I hate those blog entries when the blogger merely quotes another story like Pierre Menard writing Don Quixote*, but what can I say about this one but we live in very, very wrong times (story from IMDB):
The Rigas family, which founded and operated Adelphia Communications, will forfeit $1.5 billion in assets, representing 95 percent of their total wealth (they would still be left with about $79 million, according to the New York Times), to settle government claims that they bilked shareholders, the U.S. Dept. of Justice and the Securities and Exchange Commission announced Monday.
The Rigas family, which founded and operated Adelphia Communications, will forfeit $1.5 billion in assets, representing 95 percent of their total wealth (they would still be left with about $79 million, according to the New York Times), to settle government claims that they bilked shareholders, the U.S. Dept. of Justice and the Securities and Exchange Commission announced Monday.
*I do get bonus points for working in Borges, no?
posted by George at 1:36 PM
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