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Guilt by association would be redundant
The teaser for this article, appearing at the bottom of the first business page in today's New York Times, reads: "Qwest is working hard to avoid being compared to WorldCom and its accounting irregularities."
The article immediately above the teaser, on that first business page, begins: "Executives at Qwest Communications International made about $500 million selling company stock from 1999 to 2001 while they were releasing profit numbers that the company now says were exaggerated and based on improper accounting."
Given that the WorldCom execs didn't spend the two years prior to disclosing the company's accounting abuse selling their stock holdings (as reported here), you'd think they'd be the ones wanting to avoid the comparisons....
July 30, 2002 6:38 PM
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