August 7, 2002

READER SEAN DOUGHERTY WRITES:

Maria Cantwell cashed in her RealNetworks stock just before the market crashed to finance her successful senate run in Washington. Now, the company is making layoffs. So having harvested the value from the company and turned it into a six-year guaranteed contract, is Cantwell being called to account like Bush and Cheney for what happened to the employees she left behind?

Where’s the outrage? Why isn’t she “Senator Lay?”

Maybe she can testify along with Martha Stewart.

UPDATE: Reader Travis Matthews says that Dougherty’s wrong, and sends links to prove it. Cantwell borrowed against her shares, which then plummeted in value. She probably wishes now that she’d sold them, but that’s not the same thing.

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