Beggaring belief: Fortune magazine lists the 'greed' merchants,
the top US tech executives who became 'immensely, extraordinarily, obscenely
wealthy' by selling stock at inflated prices while investors were being
told to buy.
The top three: between January 1999 and May 2002, executives at Qwest
Communications made $2.26 billion through selling company stock; executives at Broadcom made $2.08 billion; executives at AOL Time Warner made $1.79 billion.
'Executives and directors of the 1,035 corporations that met our criteria
took out, by our estimate, roughly $66 billion. Of that amount, a total haul
of $23 billion went to 466 insiders at the 25 corporations where the executives
cashed out the most.' [Fortune].
