How To Lose $11 Billion
from the now-that-takes-talent dept
Global Crossing is set to announce that they lost $10.9 billion last year. Yes, that’s an awful lot of money. Of course, a lot of it is due to write downs, but I honestly don’t see how anyone can run any sort of business that would lose $11 billion over the course of a year. It’s amazing that the former CEO made out with millions of dollars and hasn’t been put in jail yet. Anyway, at least it doesn’t measure up to JDS Uniphase’s loss last year of $45 billion, but it’s still quite impressive.