Posted on 07/13/2005 9:00:37 AM PDT by Imani
Former Worldcom Chief Executive Bernard Ebbers was handed a 25-year prison term for directing the biggest accounting fraud in corporate history, leaving thousands of investors empty-handed.
Ebbers, who built a small Mississippi-based long distance company into a telecommunications powerhouse, was found guilty on March 15 on all charges — one count of conspiracy, one count of securities fraud and seven counts of false regulatory filings.
But he could also be a charming and folksy CEO, who preferred cowboy boots to suits, opened shareholder meetings with a prayer, ate lunch in the cafeteria and ran a company that had become a Wall Street darling by the late 1990s.
Ebbers worked as a bouncer, basketball coach and milkman before getting into the telecommunications business.
(Excerpt) Read more at msnbc.msn.com ...
Boy, lucky we had Sarbanes-Oxley to prosecute this guy. < /sarcasm>
Excuse my dubiety, but is that true about Ebbers vs. the CBF?
I've never heard that, and I live in MS.
2 examples I was given was if someone went for their MBA part time while there, they would leave out AA and just say they went to school, or use examples of "family time" i.e. stayed home with the kids.
I didn't get into details since it was really ackward, but they told me they could get very "creative".....my joke about "isn't this how you guys got into trouble in the first place" did not go over well with them folks.
Where did Barksdale (or Palmer) the wealthy come down on the issue?
But, as it goes in the liberal world, he will keep his fortunes, he will probably remain free pending appeal, and he will probably win the appeal if he can stuff enough pockets at the appeals level!!!
Does anyone know who the POSs who wrote letters on Ebbers behalf?
You don't have any friends who might stand up for you if you got into a whole heap of trouble?
Looking at the statement again it seems harsh. Thanks for pointing it out.
If there is any justice, he'll be raped as badly physically as the people he raped financially.
I'll pass on your idea of "justice," thank you very much.
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