reposted from the old blog from August 10, 2006
Again, I'm sure this is just coincidence, or something, but...
Gary M. Parsons Chairman of the Board of Directors of XM Radio
Mr. Parsons was Chairman of the Board of Directors of Motient Corporation from March 1998 to May 2002.
http://www.isp-planet.com/news/2002/mtnt_020429.html
Bankrupcy court has approved a debt-for-equity swap with bondholders that will eliminate most of the value held by shareholders, leaving the company free to reopen on May 1, 2002.
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