Over paid management is allowed to keep their jobs a little longer by screwing the shareholders once again.

Alcatel laughs, shareholders cry, Bernie rambles around his beach house in his Bermuda shorts mumbling something about "one phone call" and "Wheaties" and "2 million subscribers". Then he is awakened by his counsel and they trudge off to the county courthouse, where he reluctantly signs Loral's bankruptcy papers. That is the future of Loral.

Next Stop: NYSE De-listing at$1.37