Gary Winnick, Founder of Global Crossing, Passes Away at 76
On November 15, 2023, the business world mourned the loss of Gary Winnick, the visionary founder of Global Crossing. Winnick, who played a central role in the company’s meteoric rise and subsequent fall, passed away at the age of 76.
Global Crossing, a telecommunications company, experienced unprecedented success during the dot-com boom of the late 1990s. Winnick’s innovative strategies and ambitious vision propelled the company to great heights, making it a major player in the industry.
However, the company’s fortunes took a turn for the worse when the dot-com bubble burst in the early 2000s. Global Crossing faced financial difficulties and was eventually forced to file for bankruptcy in 2002.
Despite the challenges, Winnick’s contributions to the telecommunications industry cannot be overlooked. His entrepreneurial spirit and determination left an indelible mark on the business world.
Winnick’s passing is a reminder of the unpredictable nature of the business world and serves as a testament to the resilience and perseverance required to succeed in the face of adversity.
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Source : @washpostbiz
Gary Winnick, Global Crossing founder at center of epic rise and fall, dies at 76 https://t.co/DY1KBP5tEK
— Post Business (@washpostbiz) November 15, 2023