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Hubert Ingraham
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===Administrative achievements=== He is credited for allowing the Atlantis Paradise Island project to develop.{{Citation needed|date=October 2010}} He administered a disengagement of the [[BTC (The Bahamas)|Bahamas Telecommunications Company]] in the mid-1990s, severing ties with hundreds of BTC employees, although handing out severance packages for those who opted for the exit packages. The true value of the impact of the disengagement is debatable. Through his first term, he guided the Bahamas through a tumultuous period in the financial services sector, which ushered in sweeping changes to be made and imposed upon the Bahamas by international organizations such as the [[OECD]] and the [[Financial Action Task Force|FATF]]. Sweeping legislation was seen as necessary by the administration, but such drastic and immediate measures were up to debate by observers{{Who|date=October 2010}} and economists of the time. Subsequently, the market fears spread and resulted in massive job losses in the sector. By the end of his first term, he was sitting on a Bahamian economy which was going into recession, brought on by a global downturn in productivity, sparked by the dot.com bubble bust and the attacks of 9β11, exacerbated by massive exits of foreign capital, due to new banking regulations set in place by his administration. Another controversial issue proposed by his administration was a [[2002 Bahamian referendum|referendum on social policy]]. Some observers{{Who|date=October 2010}} said that the failure of the referendum led to the resounding defeat at the polls for the FNM in 2002, with a 29β7 overwhelming margin of victory for the incoming [[Progressive Liberal Party]].
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