Winnick Payment Raises Questions

Does The Times have an agenda regarding its coverage of Gary Winnick?

While reading “Winnick Puts Cash in Fund for Workers” (Dec. 20.), about Mr. Winnick’s $25-million deposit of his own money into an escrow account for the losses sustained by employees in the company’s stock, that’s the impression a reader would get.

I think it is important to note that he originally made this offer while testifying voluntarily before a congressional committee. He could have given nothing and remained silent, as was his constitutional right.

Certainly, it was in the interests of all employees, including Mr. Winnick, that Global Crossing succeed.

Stating that he “oversaw Global’s crash” implies that he could have reversed the market forces that led to the bankruptcy filing.

In fact, it was his entrepreneurial foresight and drive that built an infrastructure of technological complexity and enormous cost.

Using the pejorative term “handlers” to describe the public relations people used by most high-profile businessmen and publishing an unflattering photograph only reinforce the bias obvious in the tone of the article.

George Choderker

Westwood

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So Gary Winnick can testify in front of a Senate committee and promise to pay back $25 million, and now suddenly federal prosecutors drop their investigation of him?

Winnick destroyed lives of stockholders and employees with his hot air and scummy accounting schemes.

Darrell Riebel

La Puente