Network provider Savvis Communications, floated last year by Bridge Information Systems, is looking for sympathy from the US regulator. It says it will be a bit late in filing its annual reports because its 48% shareholder, Bridge, is in Chapter 11. What it didn't tell the SEC was that the company is a bit behind on its paperwork because it took its sales staff on a little morale-boosting jaunt to St Thomas in the Caribbean. Well, what would you do if your parent company was in Chapter 11 and the chips were down?
Added to these woes, the corporate ice rink that a senior Savvis executive, an ice hockey fan, had commissioned for the St Louis headquarters has been abandoned and unfinished as the builders' bills weren't paid.