Winnick is in the news again out in Los Angeles. (Winnick, you may
recall, was the founder of Global Crossing years ago.) This past
week he has quietly placed his Bel-Air mansion on the market for
John Karevill of
the San Diego real estate information company DataQuick says any
sale will certainly include a major barter component. �It would be
incredibly shocking if somebody actually walked up to the table and
wrote a check for that amount.� Karevill says any such home sale
would include a barter offer such as land or properties, stocks, car
collections, jewelry or racehorses.
In 1998 former President George H.W. Bush made a speech in Tokyo to
a group of Global Crossing executives. At breakfast the next
morning, Global Crossing�s founder Gary Winnick offered President
Bush an opportunity to acquire pre-IPS stock in the company in lieu
of the $80,000 speaking fee. Bush accepted and subsequently sold the
stock for $14 million several years later.