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Corrections Corporation of America Message Board

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  • joepalookaboggs joepalookaboggs Jan 6, 2000 12:47 AM Flag

    Food for thought....

    We do not know what was in those other SI
    proposals. They haven't seen fit to tell us. May have been
    better for the shareholders, but not so good for Doc. If
    Doc has a conflict of interest in these negotiations,
    that could be a real problem. If Blackstone offered
    Doc a fat package of perks and money to sign a deal
    that was not the best for shareholders, that might be
    called a bribe. I find it curious that IR was reassuring
    us that the company "would not screw over the
    shareholders" (verbatim quote from my conversation with a woman
    whose name I know but will not post), while the i's
    were dotted and the t's crossed on this deal we are
    told was not "chosen" until the last minute. I suppose
    we were being treated to some "Bill Clinton logic"
    in the CC. I would love to see a discovery process
    to uncover the chronology of this "deal." Every time
    PZN/CCA makes a move to fix a problem, big money goes out
    the door for fees to "consultants," bankers, and wall
    street "houses" (and you know the kinds of houses I
    mean). This stinks.

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