Ted, overextended?
August 13, 2007 at 12:26 pm by Scott Freeman in NewsThe September issue of Portfolio magazine reports that Ted Turner is behind on his payments to the United Nations. According to the Huffington Post, Turner promised to wipe out the $1 billion debt owed by the United States to the United Nations in $100 million increments.
According to the magazine, Turner gave $83 million the first two years of his pledge, then only $48.9 million last year. But he still pledges to contribute the full $1 billion by 2015.
Hey, give the guy a break: Much of his fortune was tied up in Time Warner/AOL stock. Remember how the companies lost $99 billion in 2002, the largest one-year loss ever in American business?
Show Ted your solidarity by buying a buffalo burger today.
Leave a Reply