("sfb" wrote)
Didn't Checchi get the money from the stock market and not from NWA?
Wasn't the point of the post you snipped that the market value collapsed
after Checchi left? The politicians in the People's Republic of Minnesota
would have been screaming bloody murder if had raided the corporate
coffers.


Where did Checchi get the stock? NWA.
How did he finance his takeover? NWA operating money.
How did he get paid before he bailed with his stock? Staggering management
fees payed by NWA monies - No, I didn't say profits.

Checchi raided the coffers of the State too. Loans, bailouts, building
projects, etc.

Billion dollars would have bought a few extra planes.


Montblack