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Off With Their Heads

Off With Their Heads
by Dick Morris
Do you believe Winnick?
Polls Have Closed
 		 YES
He needed the money to repay debt, and he had to get that money before the window to sell stock closed
NO
His story doesn't add up. How could he not know of his own company's financial condition?
 
the issue view results discussions
pro   con
Winnick explained to Congress that he sold $123 million of stock in May 2001 "solely for the purposes of eliminating indebtedness and the window (for selling stock) was open." The proceeds didn't add to his wealth; it was used to repay a line of credit.

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We'll send your vote to Congress, which is investigating the matter.

 		 House Energy and Commerce Committee Chairman Billy Tauzin said it best: "It's a little hard for us to understand how a corporation could function like that and how you, Mr. Winnick, could be at the head of this company and be so out of the loop."

 
 



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