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| Topic: |
Business
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| Number of pages / Number of words: |
3 / 628 |
Essay's paper body
He also faces personal asset forfeiture, the amount of which will be determined by a federal judge at a separate hearing after the trial he also must face his loss of his personal influences in the business world and his credibility. During Nacchio's tenure, Qwest was trading between $38.31 and $41.12 on the NYSE and had plummeted to below $2 by June 2002 when he was forced out as CEO...
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During Nacchio's tenure, Qwest was trading between $38.31 and $41.12 on the NYSE and had plummeted to below $2 by June 2002 when he was forced out as CEO. This had unknown consequences on the personal finances of many Qwest employees
Analysis of Consequences
Joseph Nacchio has fortunately reaped what he sowed although, in my opinion, his punishment will not be nearly severe enough to show others that conducting business in this manner brings with it the chance of eliminating everything you have worked for most especially your personal pride...
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