Talk:Global Crossing

message: Operating income cannot be smaller than Net income?  —Preceding unsigned comment added by 174.89.239.163 (talk) 03:05, 15 July 2010 (UTC)
thread_title:  Financials 

message: This article seems to be out of date, as many of the details are predicting 2006 performance... I'm sure the company has evolved since 2004.   —Preceding unsigned comment added by 72.74.234.238 (talk) 21:07, 13 May 2008 (UTC)
thread_title:  Updates? 

message: At the moment this article reads like a cluster of factoids rather than a coherent article. I've already removed some of the more subjective stuff and some errors but plan to shape it up a bit more unless anyone objects.
--Jedawson 20:54, 24 May 2005 (UTC)
replies: text: Long distance is NOT Global Crossing's main business today--it's providing voice and data "converged services" over IP and MPLS VPNs, primarily to multi-national corporations, due to Global Crossing's network reach.  Those services include Internet/IP Transit, IP VPNs, voice (mostly via VoIP), and audio and video conferencing. Lippard (talk) 02:50, 19 December 2007 (UTC)
thread_title:  I plan to make some more changes unless anyone objects 

message: Global Crossing paid about $10 billion for Frontier, then sold off its GlobalCenter division for $6 billion to Exodus (paid in Exodus stock) and Frontier's local telco assets to Citizens Communications for $4 (?) billion in cash--which looked brilliant at the time, as though it had obtained Frontier for free.  But Exodus filed for bankruptcy and the value of the Exodus stock went to zero during the lockup period, and a number of GlobalCenter assets (such as facilities with long-term leases) came back to Global Crossing.
Also, Global Crossing paid a billion or two for Racal Telecom in the UK (one of the prizes of the current Global Crossing, Global Crossing UK), and a similar amount for IPC/IXnet, a financial communications services provider based in NYC.  IPC was sold to J.P. Morgan (?), and IXnet's "hoot & holler" voice services were sold to Westcom.
Most of these details can be found in press releases and SEC filings, and are key to understanding why Global Crossing had to file for bankruptcy and how it has subsequently changed its business. Lippard 01:15, 5 January 2007 (UTC)
thread_title:  Many missing details 

message: tax evasion is pejorative and implies illegality.  Is that supported by fact?  --Jasonuhl 17:50, 18 October 2005 (UTC)
thread_title:  "for tax evasion purposes"? 

message: We were sold a bill of goods and encouraged to buy stock in and out of our 401k plans. I don't know how this could be worked into the article but this is the essence of how the workers were screwed. The execs lied to the workers about the solvency of the company. This would have been in early 2001. Dmooney
There was an employee stock-purchase program (ShareBuilder--it's common at many companies) which was around at Frontier and then at Global Crossing.  Everyone loved it while the stock was climbing, and many employees foolishly put their entire 401K contributions into company stock (this is everywhere and always a bad idea--diversification is how you manage risk).  I personally never heard any encouragement from company management to do this.  Gary Winnick gave $25 million to the employee 401K funds after bankruptcy, which replenished about 25% of the losses due to company stock.
The executives generally tried to put a positive spin on things to keep morale up (as executives are known to do to keep a company running), and they were obviously proven wrong when the company filed for bankruptcy on January 28, 2002.  I believe Legere made public statements to the effect that bankruptcy was not in the cards around November 2001; if Global Crossing had already engaged the Blackstone group to plan for bankruptcy at that time, then those statements must have been knowing falsehoods.  There should be documentation from the lawsuits to indicate any specific misrepresentations by executives.
The employees hurt the most were those laid off shortly before the bankruptcy filing, whose severance payments were cut off by the bankruptcy filing--there were lots of press reports about such employees, especially in Rochester, NY, where Rep. Louise Slaughter addressed the issue.
In general, however, bankruptcy forced positive changes to Global Crossing as a company--it cleaned out lots of duplicative management structure, forced integration of groups from various mergers and acquisitions that were doing the same things in different ways, and greatly improved internal communication and efficiency--which resulted in improved network performance and higher customer satisfaction survey scores.
Lippard 15:35, 5 January 2007 (UTC)
thread_title:  I worked for a subsidiary before the bankruptcy 

message: Again in a subsiduary, which would have been bought by GX in 2000 not long before they hired me in October that year. We were certainly encouraged to buy the stock, although at the time the offer was on the table for me the price in the employee scheme was actually higher than the market price and the stock was dropping every day, but many of my colleagues lost money, and ultimately we all lost our jobs in 2003. 
Certainly from where I was within the company there was a great deal of rumour and inuendo about what was going on within the company and its legality. I never saw anything presonally that would corroborate what I was told, which included tax evasion, over-billing customers, fabricating figures, and breaching employment laws, but within a company that created so much ill feeling amongst its employees I'm not surprised a great many of us thought they were essentially crooked. Feelings run high about that period in the company history and no insider will have an entirely objective view. Jmem 11:49, 24 December 2006 (UTC)
thread_title:  I worked for them too 

message: This article is full of unreferenced claims and details. It seems that most of it should be pared back, as it isn't verifiable. -- Mikeblas (talk) 13:14, 19 April 2009 (UTC)
thread_title: OR

message: Hello fellow Wikipedians,
I have just added archive links to  on Global Crossing. Please take a moment to review my edit. If necessary, add  after the link to keep me from modifying it. Alternatively, you can add  to keep me off the page altogether. I made the following changes:
*Added archive https://web.archive.org/20110714064902/http://globalcrossing.mediaroom.com/index.php?s=43&item=725 to http://globalcrossing.mediaroom.com/index.php?s=43&item=725
When you have finished reviewing my changes, please set the checked parameter below to true to let others know.
Cheers. —cyberbot IITalk to my owner:Online 17:44, 28 August 2015 (UTC)
thread_title:  External links modified 

message: I was surprised to see that the article is written in past-tense, since AT&T switched my long-distance carrier to "Global Crossing" last week (as a third party to TCI Long Distance). So that name is still being used in monthly billing statements, as of right now, i.e. July 2017.  Any clue what that is about? 67.198.37.16 (talk) 19:31, 14 July 2017 (UTC)
thread_title:  The brand name is still in use 

message: looks like someone addressed the list issue since it's all prose now. might as well take down the tag. 98.153.77.186 (talk) 22:15, 15 June 2023 (UTC)
thread_title:  prose tag