View source for Global Crossing

==Controversies==
{{criticism section|date=June 2023}}
===Political activity===
The company contributed $250,000 to each of the [[2000 Republican National Convention]] and the [[2000 Democratic National Convention]] and made major contributions to politicians of both parties. The company also courted politicians to invest in the company. The company hired [[lobbyist]] and former [[United States Assistant Attorney General]] Anne Bingaman, married to Democratic New Mexico Senator [[Jeff Bingaman]], paying her $2.5 million between January and June 1999 to try to block licensing of an AT&T, MCI, and Sprint consortium to lay cable from the U.S. to Japan.<ref>{{cite news | url=https://www.forbes.com/2002/03/13/0313topnews.html | title=House Committees To Investigate Global Crossing | first=Dan | last=Ackman | work=[[Forbes]] | date=March 13, 2002 | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505210515/https://www.forbes.com/2002/03/13/0313topnews.html | url-status=live }}</ref><ref>{{cite news | url=https://www.wsj.com/articles/SB1015198215729065920 | title=Global Crossing Got Little in Return For Its Big Political Contributions | first1=Tom | last1=Hamburger | first2=John | last2=Harwood | work=[[The Wall Street Journal]] | date=March 4, 2002 | url-access=subscription | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505205801/https://www.wsj.com/articles/SB1015198215729065920 | url-status=live }}</ref>

===Executive bonuses===
Despite the massive layoffs, unpaid employees, and cancelled pensions as a result of the 2002 bankruptcy, executives received huge bonuses and loan relief.<ref>{{cite news | url=https://www.wsj.com/articles/SB1014246568154925080 | title=Global Crossing Cosseted Executives As Pink Slips Loomed, Stock Fell | first1=Rebecca | last1=Blumenstein | first2=Deborah | last2=Solomon | first3=Kathy | last3=Chen | work=[[The Wall Street Journal]] | date=February 21, 2002 | url-access=subscription | access-date=May 5, 2018 | archive-date=May 5, 2018 | archive-url=https://web.archive.org/web/20180505205402/https://www.wsj.com/articles/SB1014246568154925080 | url-status=live }}</ref>