Thursday, July 14, 2005

Another CEO bites the dust

Bernard Ebbers, the CEO of WorldCom has just been sentenced to 25 years in prison for his role in the collapse of his company. It is said to be the largest accounting fraud in US corporate history.
http://www.thestar.com/NASApp/cs/ContentServer?pagename=thestar
/Layout/Article_Type1&c=Article&cid=1121291413255&call
_pageid=968332188492&col=968793972154&t=TS_Home&DPL=IvsNDS%2f7ChAX&tacodalogin=yes

1 comment:

Anonymous said...

An interesting graph of the impact of the fraud on WorldCom stock price, prepared by the Stanford Consulting Group.