Joe Nacchio, the disgaced ex-CEO of Qwest, talked to the
Wall Street Journal about his four years in prison for insider trading.
Excerpt:
Prison also offered the CEO, who once was surrounded by highflying telecom executives before his prosecution for insider trading in 2007, a new set of peers: drug offenders Spoonie and Juice, and a bunkmate named Spider.
"I trust Spoonie and Juice with my back. I wouldn't trust the guys who worked for me at Qwest," said Mr. Nacchio, in his first interview since he was fully released from custody Sept. 20.
Mr. Nacchio is among the first white-collar executives to be set free after a decade of aggressive crackdowns by federal investigators to rein in shenanigans at public companies. He remains as combative as ever, insisting he never committed a crime, while describing his experience in prison as something akin to "Lord of the Flies, for grown-ups."
Read the rest
here.
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