Preet Bharara: SAIC’s Spinoff Jeopardizes Its $1.8 Billion NASA Contract (CityTime Curse Strikes Again)
Super Girl get the white out, Dr Redacto makes a typo!!!
SAIC the prime contractor on Citytime scandal has spent the past few years trying to fix its reputation by splitting themselves into two companies while avoiding criminal prosecution of CityTime and hanging onto its contracts, The street follows the progress of their legal beagal bumbles.
This month the Evil twin strategy seems to be in back fire mode still and more Boesky Shuffle (term from my short story chopping the street) is in the works. Another exec retires from SAIC (Timing like Preet Bharara refusing to go back in Time CityTime pre Gerald Denault) yikes on the tails of bad contract news. Can we issue a DNR for SAIC?
Hello Judge on CityTime who refused to allow mayor Bloomberg to be called -- any possibility corruption went a little higher up than Denault on CityTime and that is why SAIC continues to suffer fall out????
The word is on the street...CityTime curse.
Fyi we reported this yesterday andbloomberg.comjumped on the band wagon making too. All cool.
"A U.S. government mediator upheld a challenge to a health-services contract awarded by NASA to SAIC Inc. (SAIC), saying the company’s corporate spinoff invalidated the award valued at as much as $1.76 billion."
Dr. Radacto what went wrong? The white out missed a spot?
"SAIC CEO Tony Moraco will restructure his management team effective February 1, recognizing the functions of information technology, communications, and corporate development as direct reports. Executive Vice President and Chief Administration and Operations Officer Tom Baybrook will retire from SAIC to pursue other interests"