By Aled Herbert, 11 April 2002 08:30
NEWS Global Crossing has agreed to pay the $8.8m tax bill of its CEO John Legere. According to the Daily Telegraph, investors are thought to have approved the deal, which still needs to get the green light by a New York court. The bankrupt telecoms company is still struggling to salvage assets following its collapse. The tax bill payment was revealed on the same day as the company announced it would take an $8bn write down. Earlier this week, an email gaffe by the company's lawyers leaked the names of 50 companies who have expressed an interest in bidding for the bankrupt telco.
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