As long as I've been following business news, it seems that sex is always only a whisper away from any press release ... sexual harassment, sexual dalliances between colleagues, famously, when an Infoseek EVP tried to have sex with an FBI agent who said she was 13. Sex is never so sexy as when it touches money.
So when Time Warner CFO Wayne Pace was accused of having been the "sugar daddy" (oh how we love that phrase) of high-priced hooker and accused prostitution ringleader, Andrea Schwartz, let's be honest, we licked our lips.
Pace, naturally, denies it through his attorney. And if it's true, it would be racy indeed: the position of CFO is generally seen as a boring, straight-laced, buttoned-up job. One that requires the utmost ethics and should never smack of partisanship. It's only when we think about who else Schwartz may have entertained that we start imagining the possibilities for compromise. It's a mind-blowing list of potential Law & Order plots.
Either way, we hope we read all about it in People.
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Reader Comments (Page 1 of 1)
6-19-2006 @ 1:09PM
David12 said...
Hold on there. Let's not try Pace in the media. There's always two sides to every story. Unless one knows the whole story, one should not judge anyone haphazardly and show one's ignorance of "innocent until proven guilty" system of law and order in America. But lately, the media trial, jury and execution has been rampant amid high profile cases as this one is surely will become. Let's hold our judgement and tongue. God bless America.
David12
6-19-2006 @ 1:19PM
Lilpeepshin said...
Well, until anything is proven, that affects the companies bottom line,what he does with his own salary is none of anyones business.
As a stockholder, I would rather he kept his creativity in the bedroom, than how to cook the company books, for monetary pleasure. Think about it....
6-19-2006 @ 4:08PM
Wadi Khoury said...
Who Cares.
If this Horny Jack-Ass gets the TWX Stock up to $25.00, I'll Buy him a Hooker.
6-19-2006 @ 5:06PM
Laura said...
So what if he IS this girls sugar daddy? I wish I had one. If he's happy in the bedroom he'll perform better in the boardroom. As a stock holder, I think maybe she should bring over her friends and make sure he's extra happy.
6-19-2006 @ 6:19PM
Beretverde said...
Enron, shady accountants, TWX stock in the hole etc... The higher up you go in business, the higher the standards you should be held to. Forensic his personal and TWX accounts he has access to and fire him immediately. Trust is not this guy's forte with the company's money. If I want a wheeler dealer as a CFO, raise "Jimmy the Greek" from the dead.
6-19-2006 @ 9:41PM
Joe Eyre said...
HO Hum! So what else is new. There is always three sides to any story and this one is no exception. His side, her side and THE TRUTH. The truth may never be known, but the other two sides will be throughly washed though the news media.
6-21-2006 @ 9:37AM
Wes Pedersen said...
Not to be prissy, but the word in the original text is straitlaced, not straightlaced.
6-29-2006 @ 12:59PM
Lee Pefley said...
Don't see a lot of sympathy here for the man's wife. If he'll cheat on her, maybe he'll cheat... us?
Sorry. I realize these are obsolete concepts.
But then, too, perhaps my AOL service would be improved if the guy wasn't so otherwise involved.
6-29-2006 @ 2:37PM
patrick said...
He should be fired, immediately. People with low ethics always end up costing companies. He's not even trustworthy enough not to cheat on those close to him, why would he be trusted by those that he has no relationship with. The rot starts at the top and the shareholders hold the bag
6-29-2006 @ 3:25PM
Soups said...
I have yet to see a picture of Miss Schwartz to see if she is Miss America or Desiree Brown! My how nothing changes as time moves on. Oldest business around because men think with their wrong head and people are basically lonely and seeking any fix.
6-29-2006 @ 3:53PM
Mark said...
Come on, does this really surprise anyone. A super rich dude buys a hooker. This is not news. Get a life.