The Rise and Fall of Global Dreams

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The Rise and Fall of Global Dreams Sun Mar 3, 3:11 PM ET ADVERTISEMENT Related Quotes By SIMON ROMERO and GERALDINE FABRIKANT The New York Times HLT 13.09 0.00

GARY WINNICK knew it was a dinner fit for a king when one showed up. delayed 20 mins - disclaimer Constantine of Greece was among the 240 luminaries who dined on Quote Data provided by Reuters If the world was flat, tournedos of Aberdeen Angus that November evening in 1999 at Claridge's just about any Hotel in London. antenna would do! Full Coverage The elaborate event, paid for by Global In-depth coverage about A floor lamp that • The Rise and Fall of Crossing, the communications company Telecom Industry spreads sunshine all Global Dreams founded by Mr. Winnick, included a stirring Related News Stories over a room speech on the role of a late-20th-century • You May Be Downsized, L.A. Firm to Bid for Global superpower by William S. Cohen, then the · but You Can Stay in the Crossing - Los Angeles Times The most important United States secretary of defense, who had Loop (Mar 3, 2002) new auto technology flown 16 hours from Chile to dine with Mr. is 125 miles high • For more news, visit the Winnick and his guests. · Report: Firm Wants Global Technology Section Crossing - Associated Press (Mar Why wake up to an • Get DealBook, a daily 3, 2002) Celebrated by such figures and buoyed by annoying buzzer? email digest of corporate · Gores to Make Bid for Global finance newsDealBook. Global Crossing's soaring stock, Mr. Winnick, Crossing - Reuters. (Mar 3, 2002) a recently minted billionaire, seemed to have Why spend hundreds Search NYTimes.com: the world in his palm. Who would have · After an Antenna Tumbles, Cable on a bigger guessed that a kid from Roslyn, N.Y., would Firms Gain Thousands of New monitor…enlarge the one day rub shoulders with Margaret Thatcher? Customers - NY Times one you have "One little idea," he once marveled to (registration req'd) (Mar 2, 2002) associates, "and look what's happened to me." · If Not One Problem, It's Another, Penetrating gel for the Struggling Giant Qwest - emulsifies fat on He may no longer want the attention. NY Times (registration req'd) contact (Mar 2, 2002) In the last month, Global Crossing has collapsed and Mr. Winnick its More... Alert animals that your chairman has troubles aplenty. His reputation has been shattered and his Opinion & Editorials vehicle is approaching dream of operating a worldwide fiber optic network is in tatters. The · Enronic Cleansing - Smart fortune he amassed before Global Crossing filed for bankruptcy protection Your webcam, digital Money/Yahoo! News (Mar 2, in late January has elicited a chorus of criticism from shareholders who 2002) camera and video have seen their investments in the company disappear. camera into one Phone Monopolists, Again - Los · convenient, compact Angeles Times (Mar 1, 2002) The Securities and Exchange Commission (news - web sites) and the unit. Federal Bureau of Investigation are investigating Global Crossing's dubious

http://story.news.yahoo.com/news?tmpl=story&u=/nyt...3/tc_nyt/the_rise_and_fall_of_global_dreams&cid=76 (1 of 6) [3/4/2002 7:58:13 AM] Yahoo! News - The Rise and Fall of Global Dreams accounting. Employees, investors and corporate governance experts have · Telecom's Disconnect - blasted Mr. Winnick's management of the company. "He was the chairman Washington Post (Feb 27, 2002) and did not run the company," Mr. Winnick's spokesman responded. "The More... chief executive