Ten Lies and Ten Truths (Second Edition) by Hudson Parker

Author:Hudson, Parker
Language: eng
Format: epub
Tags: christian worldview, consequences of lies, secular worldview, truths and lies
Publisher: Parker Hudson

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Eighteen months later, Charlie Tate was again in the national spotlight, this time appearing before a Senate sub-- committee, which had subpoenaed him to explain the collapse of MagnaCom over a three week period, after it was disclosed that the company had been "cooking the books" to report fictitious profits for at least eight quarters. Charlie had resigned two weeks before and had tried to drop out of sight, but the public outcry over tens of thousands of lost jobs, imploded retirement plans, and ruined lives would not abate.

When Charlie had taken over at MagnaCom, many people had sensed that this would be the big one for him and had moved much of their life savings into MagnaCom stock. Among them were Stan, Stephanie, Ralph, Preston and David, each of whom knew about Charlie's effectiveness as a chief executive from · personal experience. All had advised their friends to load up on MagnaCom stock, and they had then seen their savings completely wiped out. When their friends asked them about the allegations of fraudulent stock manipulation, each of his five old friends said, "I just don't understand what happened. I've known Charlie for years, and I can't believe that he would ever do anything like that."

All except Karen, his former wife, who shorted 10,000 MagnaCom shares on the first rumors of problems with the company, and pocketed a small fortune.

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