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Newshoggers (Free subscription) | 11/06/2009
... sure their internal controls against fraud were not full of holes. It took three more years for Bernard Ebbers, the man who built WorldCom into a giant, to be sentenced to 25 years in prison for his role in the fraud. Mr. Ebbers will be 85 years old before he is eligible for release from prison. He may be freed, however, before the law is ever enforced on the vast majority...
5Vote!
Fool.com (Free subscription) | 11/05/2009
... with the disintegration of its profligate CEO, . Worldcom was sunk by its serial dealmaking CEO, Bernard Ebbers. Enron's collapse was the denouement of Jeffrey Skilling's shenanigans.Setting Mr. Buffett aside, the most fertile fields for forceful visionaries are those where new-product development is crucial and where immediate action is a necessity -- communications equipment, computers,...
5Vote!
Reuters (Free subscription) | 10/05/2009
Once a star on Wall Street, Nacchio was among a number of corporate leaders convicted earlier in the decade of financial crimes. Others included WorldCom's Bernard Ebbers, Tyco International's Dennis Kozlowski and several top executives at Enron Corp, the energy company that collapsed in 2001.
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Reuters (Free subscription) | 10/05/2009
Once a star on Wall Street, Nacchio was among a number of corporate leaders convicted earlier in the decade of financial crimes. Others included WorldCom's Bernard Ebbers, Tyco International's Dennis Kozlowski and several top executives at Enron Corp, the energy company that collapsed in 2001.