Broadbandits
Subtitle: inside the $750 billion telecom heist
By: Om Malik
Publisher: Wiley; J. Wiley
Published: 2003
Place of publication: Hoboken, N.J
Language: eng
Number of pages: 334
ISBN-13: 9780471434054
Subjects: Consolidation and merger of corporations; Corrupt practices; Telecommunication; Business failures
Description: "Broadbandits: Inside the $750 Billion Telecom Heist goes behind the scenes to uncover the actions and motivations of a handful of men and a few dozen companies who worshipped at the altar of corporate greed - and for the most part got away with it! Through interviews with numerous industry insiders and real-world stories, investigative reporter Om Malik follows the money trail to reveal the events that all but destroyed an industry and decimated thousands of portfolios in the process."

"Broadbandits offers a candid look at how fiber barons such as Bernie Ebbers of WorldCom, Gary Winnick of Global Crossing, and Joe Nacchio of Qwest turned simple light and glass fibers into veins of gold that allowed them to build enormous personal fortunes, even as their companies were going down in flames. You'll be there to watch as eager venture capitalists and unknowing investors try to buy their piece of the American Dream - only to get burned by once high-flying companies such as Excite@Home, Winstar, McLeodUSA, Nortel, and Sycamore."

"Broadbandits puts you face-to-face with the shameless individuals who used the hype and hysteria of the telecom revolution to pump up telecom stocks and line their own pockets - even when there was little evidence to substantiate their claims. You'll learn how the former pied piper of the telecom industry, analyst Jack Grubman, played both sides of the fence to make millions, while pundit George Gilder's pie-in-the-sky predictions transformed him into a cult hero, until everything came crashing down on him."--Jacket.
Notes: Includes bibliographical references (p. 301-319) and index.
Table of contents: title: Broadbandits: The Most Wanted List -- vii -- Part I; title: The Fiber Barons -- -- Part II; title: The Mile Nigh Club -- -- Part III; title: The Light Knights --; title: Epilogue: The End Game -- 291 -- Appendix; title: A Cash & Carry -- 295 -- Appendix B; title: Bank Balance Buildout-- 299.