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Author: SaddrbutWisrFool One star, 50 posts Old School Fool Add to my Favorite Fools Ignore this person (you won't see their posts anymore) Number: of 2611  
Subject: Wade Cook Financial Filing Bankruptcy? Date: 12/24/2002 12:45 PM
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Is WADC filing for bankruptcy? A group of former employees and former director Janice Leysath are filing a petition for bankruptcy alleging mismangement. Among other charges are a $300K loan while legitimate payables and refunds were unpaid and employees health insurance was unpaid despite deducting premiums from paychecks. Is Wade Cook a mismanager? Among other revelations in this story is that Wade Cook doesn't believe in budgets. That gives him the freedom to spend whatever cash is left on any whim. Here's the current link:

http://seattletimes.nwsource.com/html/businesstechnology/134601923_wadecook241.html
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