I am personally, along with my family, going to guarantee $25 million to the people who have lost their money in the 401(k) plan, ... They had nothing to do with the loss.

When I sold that stock, the company had just completed an analyst call reporting its quarterly numbers, ... ... I was in Asia at the time when I read this report and our CEO at the time reconfirmed guidance both for the quarter and for the year, so the suggestion that I sold stock based on information that was not readily available is not correct.

Last week I fulfilled the pledge that I made in October by establishing an irrevocable $25 million escrow account at Union Bank of California for the benefit of Global Crossing employees who invested their 401(k) plan in company stock.

Leo knows how to run large companies, he has current Internet experience and he has a proven record of creating shareholder value.