Only 14 months ago, Richard Colino, 51, was well regarded and prosperous. As director general of the Washington-based International Telecommunications Satellite Organization, or Intelsat, which manages the global satellite- communications system, he had an annual salary of about $250,000, with prospects of hefty increases. His executive perquisites included a chauffeur- driven Lincoln Town Car, an annual housing allowance of about $40,000 and free first-class air travel to anywhere in the world. Colino, who graduated from Amherst and Columbia University School of Law, inspired admiration and sometimes envy among his peers. "In many ways," says a former associate, "he was an extraordinary...
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