Which message do we heed?
The July 28 Rocky Mountain News contained an interesting (and somewhat ironic) amalgam of messages.
The front-page headline decried — or at least reported — “‘Overarching greed’” by former Qwest CEO Joe Nacchio. The story in the Wall Street West section relayed U.S. District Judge Edward Nottingham’s statement that Nacchio’s “entire presence in Colorado was occasioned primarily by greed.”
And yet, those who proceeded to the Spotlight section could read of how, “The Mile High City has plenty of outrageously priced indulgences to keep the affluent from running to the coasts.” In this free country, we each must choose which message to embrace — and to impart.
M.J. Rita, Denver
huh?
nacchio was out for himself alone and could care less who got hurt or went broke.
being able to purchase outrageously priced indulgences is an option they have. if they work hard for their money and have some extra let them spend it here and pay taxes here and not on the coast. its the taxes they pay that help pay for the things the city wants.
Posted by on August 8, 2007 04:56 AMGreed doesn't bother me nearly as much as stealing. Stealing is a crime, greed is an attitude.
Naccio effectively stole from uninformed sharholders when he used his position and inside information to pump the stock and then dump his position while the typical shareholder didn't enjoy the same opportunity. He used them as convenient bagholders who facilitared his exit--he gained at their expense.
I can live with his greed, that's his problem. It was the stealing that earned him time.
Posted by Hank on August 8, 2007 09:01 AM"...outrageously priced indulgences..."
Like carbon credits? Hey, if it makes you "feel good" then go buy a ton of them. I hear Al Gore's carbon credit company is running a 2:1 sale.
Posted by Hank on August 8, 2007 09:05 AMIf you're looking in the newspapers for values to adopt, you're in serious trouble.
Posted by Sage on August 8, 2007 10:00 AM