Nacchio, the CEO thief who robbed all the equity from Qwest lost in court.
In this instance, somehow the federal prosecutors have prevailed for now.
Nacchio presided over a stock drop from $60 to $1 share while at the same time taking home about $500 million for he and the other top "executives".
What else, oh, they stole from the pension funds so that thousands of people who were already retired had to go back to work. I know this personally as I currently work with one of them. Also, when I worked at Home Despot, one of the grill assemblers was a retired US West guy, who was back doing menial labor after being retired for 10 years.
This gives us hope that eventually the current crop of theiving CEO's will be hounded till there dying days (see Ken Lay for example) by tough, persistent federal prosecutors.
Here's a link to Al Davis's story. Al is a hard nosed, super talented business reporter for the Denver Post. His sunday colum is always a great read.
http://www.denverpost.com/...
Notice the simple URL, due to the volumn of stories this scandal has generated over the years.