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Global Crossing Exec to Help Employees

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Global Crossing Exec to Help Employees

Global Crossing Exec to Help Employees

Global Crossing Exec to Help Employees

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  • <iframe src="https://www.npr.org/player/embed/1150961/150961" width="100%" height="290" frameborder="0" scrolling="no" title="NPR embedded audio player">

NPR's Jim Zarroli reports Global Crossing Chairman Gary Winnick says he plans to compensate employees who lost money when the company's stock plunged. Many employees invested their retirement savings in company stock that eventually lost billions of dollars. Winnick says he did not know of the fiber-optic company's failing finances until after he sold a large portion of stock.