Originally posted by: Kevin Lewis
I'm not sure that has all that much to do with it. It drained only about a fifth of their available cash.
If they're honest with themselves, they'll acknowledge that they made all that money by lying, so when those lies wind up costing them money later on, they should consider that a cost of doing business.
I wonder how that precise figure was agreed upon. $787.5 million. Not $787 or $788 million.
Its the first of several lawsuits - another one is at least as big. And there's mulitple sexual harrassment suits still to come. Shareholders leave their politics at the door when it comes to their pocket books. And thats another issue. You can bet there will be shareholder class action lawsuits claiming the incompetent management mishandled their investment. Stay tuned.
FOX is trying to stop the bleeding and also do some window dressing so they can look like they are addressing the underlying problems.
As for Tuck-face - he'll land on his feet somewhere. If nothing else he'll start his own podcast.
