3Vote!
KeNo's Housing and Economic Portal (Free subscription) | 11/29/2009
... their internal controls against fraud were not full of holes. t 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 of American companies....
3Vote!
The Guardian (Free subscription) | 11/25/2009
... pernicious there. When a highly paid rogue CEO such as Enron's Kenneth Lay or WorldCom's Bernie Ebbers creates or condones a culture of deception in a misguided effort to boost their firm's stock price, the consequences for the employees and stock-holders of the company can be severe. And when a Wall Street CEO levers up their firm's equity capital 30 or 40 to one in search of extra profits,...
12Vote!
The Business Insider (Free subscription) | 11/23/2009
... of corporate greed and personal profligacy, circa a decade ago. Yet along with WorldCom's Bernie Ebbers and Jeffrey Skilling -- serving their own long sentences -- Kozlowski now looks like small fry in the sea of financial shenanigans. The question is whether that makes him a template for prosecutors today or a scapegoat deserving retrospective leniency. I would suggest the latter. Here's...
5Vote!
Pardon Power (Free subscription) | 11/23/2009
... of corporate greed and personal profligacy, circa a decade ago. Yet along with WorldCom's Bernie Ebbers and Jeffrey Skilling -- serving their own long sentences -- Kozlowski now looks like small fry in the sea of financial shenanigans. The question is whether that makes him a template for prosecutors today or a scapegoat deserving retrospective leniency. I would suggest the latter. Kozlowski...
5Vote!
SimoleonSense (Free subscription) | 11/25/2009
... pernicious there. When a highly paid rogue CEO such as Enron’s Kenneth Lay or WorldCom’s Bernie Ebbers creates or condones a culture of deception in a misguided effort to boost their firm’s stock price, the consequences for the employees and stock-holders of the company can be severe. And when a Wall Street CEO levers up their firm’s equity capital 30 or 40 to one in search of extra profits,...
4Vote!
Seattle Times (Free subscription) | 11/21/2009
A Democratic Congress is gutting the landmark Sarbanes-Oxley Act with the apparent approval of the Obama administration.
7Vote!
24/7 Wall St. (Free subscription) | 11/23/2009
... destroyed after the ’90s Clinton boom, along with Tyco’s Dennis Kozlowski and Worldcom’s Bernie Ebbers. This time around, after the relatively mild and certainly overrated “Bush Boom,” Wall Street will likely take the lion’s share of the blame for the uncertain economy. Popular history will say that Wall Street “overconsumed” when it came to risk and that the result was a near collapse of...
5Vote!
Forbes (Free subscription) | 11/23/2009
... destroyed after the '90s Clinton boom, along with Tyco's Dennis Kozlowski and Worldcom's Bernie Ebbers. This time around, after the relatively mild and certainly overrated "Bush Boom," Wall Street will likely take the lion's share of the blame for the uncertain economy. Popular history will say that Wall Street "overconsumed" when it came to risk and that the result was a near collapse of...
7Vote!
Newshoggers (Free subscription) | 11/06/2009
... 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 of American...
5Vote!
White Collar Crime Prof Blog (Free subscription) | 11/06/2009
... many double-digit white collar sentences are now being handed down (see, e,g, and what about Ebbers, Skilling, MacFarland, and others), and there are even triple digits now seen on occasion. One would be hard-pressed to find the number of double-digit sentences we are presently seeing in white collar cases, in the pre-guideline years. Further, it is clear that the "culture" of the guidelines...
5Vote!
Fool.com (Free subscription) | 11/05/2009
... 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, software,...
