See, TMP, I disagree that "In 1997, at the invitation of CEO Gary Winnick, Mr. McAuliffe made an investment of $100,000 in Global Crossing shortly before it went public. Two years later he sold it for $18 million. Shortly thereafter, Global Crossing made a public announcement of decline in profits and the share price plummeted. It declared bankruptcy last January..." is slanting the situation.
BTW...the situation is even worse than described because that $100,000 McAuliffe invested was given to McAuliffe by Winnick/Global Crossing as a "speaking fee." A $100,000 speaking fee fer Terry McAuliffe back in 1997?!! How many folks had even heard of McAuliffe back in 1997, let alone be willing to pay him $100,000 to talk to their employees?!
MUD
"In 1997, Winnick hired Terry McAuliffe, Clinton's chief fundraiser, as a consultant. According to the New York Times, the $100,000 he paid McAuliffe turned into an $18 million windfall as McAuliffe's contacts helped Global Crossing's stock climb. In 1999, McAullife set up a golf gave between Clinton and Winnick, which ended with Winnick pledging $1 million for Clinton's presidential library."
I'm not a big fan of using "Mother Jones" as a referenced source, but I do believe it's pertinent that the $100,000 McAuliffe allegedly invested wasn't even his own but was a payoff by Global Crossing and Winnick!!
FReegards...MUD