Joe Nacchio, a former AT&T executive tapped to transform Qwest Communications into a major telecommunications competitor, was convicted Thursday of 19 of 42 insider trading charges…
So says an April 19, 2007 Associated Press report. Mr. Nachio shared the 2002 Ig Nobel Economics Prize with all the other
executives, corporate directors, and auditors of Enron, Lernaut & Hauspie, Adelphia, Bank of Commerce and Credit International, Cendant, CMS Energy, Duke Energy, Dynegy, Gazprom, Global Crossing, HIH Insurance, Informix, Kmart, Maxwell Communications, McKessonHBOC, Merrill Lynch, Merck, Peregrine Systems, Qwest Communications, Reliant Resources, Rent-Way, Rite Aid, Sunbeam, Tyco, Waste Management, WorldCom, Xerox, and Arthur Andersen, for adapting the mathematical concept of imaginary numbers for use in the business world.