THE CAPITALIST NIGER
Corporation of Japan for $1.5 billion. The company is still going strong, and they still control 20%, after
pocketing $1.5 billion. In 1997, former US President George W. Bush was asked to speak to a group of
officials of Global Crossing Ltd., a telecommunications company, at a fee of $80,000. Since the company
was supposedly short on cash, he was asked if he would prefer to take his fee instead in stocks of the
company. In early February, 1999 the $80,000 stock had skyrocketed to over $14million. Who says some
people are not intelligent than others. That was before Global Crossing decided to merge with U.S.
West, Inc. and the stock went even higher. But wait! The man who started Global Crossing Ltd. In 1996,
with $14 million has seen his investment go to over $6 billion. The Loews Corporation, controlled by the
Tisch family, invested $20 million in the same Global Crossing. In just a period of 3 years, that
investment today is worth 1.9 billion