Saturday, February 25, 2006

Still Two Americas

Old Corporate Loans Remain Despite Law: Yahoo! News
"Corporate loans to executives may seem like relics, remnants of the go-go years when executives such as WorldCom Corp.'s Bernie Ebbers and Tyco International Ltd.'s Dennis Kozlowski treated corporate coffers as personal piggy banks.

But the loans haven't gone away. In fact, a handful of companies with shaky finances forgave millions of dollars in loans to their executives in recent years."

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