Thursday, May 24, 2007

Liberty's Maffei Halfway Done Unwinding Malone Stakes; Rest May Get Taxed

(Bloomberg) -- John Malone's first approach to the
man he wanted to be chief executive officer of Liberty Media
Corp. was characteristically confounding. Instead of offering
Greg Maffei the job, Malone asked him to recommend other people.

``I played along,'' recalled Maffei, who said he already
knew Malone wanted him on board. A week later, Malone, 66,
called again. ``Finally, he said, `Why don't you come?'''


Read more at Bloomberg Exclusive News

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