Search results
Results from the WOW.Com Content Network
Bernard John Ebbers (August 27, 1941 – February 2, 2020) was a Canadian-American businessman and the co-founder and CEO of WorldCom. Under his management, WorldCom grew rapidly but collapsed in 2002 amid revelations of accounting irregularities , making it at the time one of the largest accounting scandals in the United States.
Bernard Ebbers, who built WorldCom Inc into a telecommunications giant and was convicted in one of the largest U.S. accounting scandals, died on Sunday, his family said in a statement. Ebbers ...
From 1999 to 2002, senior executives at WorldCom led by founder and CEO Bernard Ebbers orchestrated a scheme to inflate earnings in order to maintain WorldCom's stock price. [ 1 ] The fraud was uncovered in June 2002 when the company's internal audit unit led by unit vice president Cynthia Cooper discovered over $3.8 billion of fraudulent ...
At time of sentencing, Ebbers was 63 years old. On September 26, 2006, Ebbers surrendered himself to the Federal Bureau of Prisons prison at Oakdale, Louisiana, the Oakdale Federal Correctional Institution, to begin serving his sentence; he was released in late 2019 for health reasons and died in February 2020, after serving 13 years of his ...
John W. Sidgmore (April 9, 1951 – December 11, 2003) was a corporate executive.. He became the Chief Executive Officer of UUNET Technologies in June 1994. UUNET was purchased by MFS, later taken over by WorldCom, which eventually bought MCI.
Sullivan entered a guilty plea and was sentenced to five years in prison as part of a plea agreement in which Sullivan testified against former WorldCom CEO Bernard Ebbers, [6] who received a 25-year sentence (the maximum sentence that Sullivan could have received if he had not accepted the plea agreement and was found guilty).
The jury rendered its verdict on May 25, 2006. Sentencing took place on October 23, 2006. Skilling was convicted on 19 of 28 counts of securities fraud and wire fraud and acquitted on the remaining nine, including charges of insider trading.
[3] Reason Magazine said that it "reads like a spy novel." [ 4 ] Tech Central Station said that "It's rare that a business book is a page turner, but The PayPal Wars is." [ 5 ] Tom Peters said The PayPal Wars "gives the best description of 'business strategy' unfolding in a world changing at warp speed."