LA Biz Observed
 
Bio • Email • Archive
 

 

The publicity shy Denver billionaire who owns half of downtown L.A. (approximately) and who would do most anything to avoid talking to a reporter found himself facing a bunch of those ink-stained wretches today as the first defense witness in the trial of former Qwest Communications CEO Joe Nacchio. Anschutz is the founder of Quest, and his testimony was used to establish Nacchio's state of mind at the time he is accused of illegally selling stock. Anschutz recalled that Nacchio wanted to resign because one of his sons had attempted suicide. "He was quite agitated, very emotional. In fact, he broke down in tears," said Anschutz. The Nacchio case has gotten limited press coverage nationally, but all that changed when Anschutz walked into the Denver courtroom. AP

> | More
© 2003-2011   •  About LA Observed  •  Email the editor
Mark's latest news
and commentary
 
 
LA Biz Observed
by topic
Economy and jobs
Media, books & Hollywood
Politics and labor
Travel, food and life
Technology
Land and real estate
Wealth and poverty
 
 
New at
LA Observed
 
2:25 PM Fri | Martin Gomez, the head librarian for Los Angeles since 2009, will become vice dean in the USC Libraries on April 2.