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    ".travel" Sold | Log in/Create an Account | Top | 58 comments | Search Discussion
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    Re:bring some sort of proof that you do indeed com
    by Anonymous on Friday May 13 2005, @11:06AM (#15233)
    Ex-WorldCom CEO Ebbers found guilty on all counts - Mar. 15, 2005
    Bernard Ebbers, the former CEO of WorldCom, was found guilty Tuesday for his role
    ... Ex-WorldCom CEO Ebbers guilty. Faces long prison sentence after being ...
    money.cnn.com/2005/03/15/news/newsmakers/ebbe rs/

    Jury convicts Ebbers on all counts in fraud case - Corporate ...
    ... Ebbers, 63, could face up to 85 years in prison. The tall, bearded Ebbers,
    who worked as a bouncer, basketball coach and milkman before getting into the ...
    msnbc.msn.com/id/7139448/
    [ Reply to This | Parent ]
    Re:bring some sort of proof that you do indeed com
    by Anonymous on Friday May 13 2005, @11:29AM (#15234)
    I don't often need an excuse to raise a beer, but the news of Bernie Ebbers, former CEO of WorldCom, being found guilty of all nine counts filed against him is worth drinking to.

    CNN says, "A federal jury in New York, on its eighth day of deliberations, convicted Ebbers on all nine counts that he helped mastermind a $11 billion accounting fraud at WorldCom, now known as MCI.

    Ebbers, 63, had been charged with one count of conspiracy, one count of securities fraud and seven counts of filing false statements with securities regulators. He faces up to 85 years in prison, but sentencing guidelines are expected to result in a much shorter term.

    Sentencing is scheduled for June 13."

    Ebbers' primary defense was, "I knew nothing," and that day-to-day affairs were handled by minions. Pardon me, Mr. Ebbers, but you were CEO and took home hundreds of millions of dollars in compensation. Doesn't a salary like that mean you're supposed to know something?

    Second, is there anyone on the planet who doesn't know that when a company underwrites $400 million in personal loans to you, there *might* be something shady about it?

    At age 63, it's likely that Bernie will spend his golden years folding prison uniforms. Maybe that will give small comfort to the people whose retirement funds were disappearing while he "didn't know."
    [ Reply to This | Parent ]
    Re:bring some sort of proof that you do indeed com
    by Anonymous on Friday May 13 2005, @02:13PM (#15235)

    [Message 2]

    **at** 05:19pm 07/06/99-0400, vinton g. cerf wrote:
    >folks,
    >
    >I have talked with John Sidgmore.  We will try to get $500K
    >at least "backup" in case nothing else in the way of
    >fundraising works.  Mike Nelson, I have copied John Patrick and
    >Irving Wladawsky-Berger on this message, as well as John Sidgmore.
    >If IBM and MCI Worldcom can come up with $1M in "bridge" funding,
    >to be paid back at a later time under reasonable terms that will
    >not harm ICANN, then perhaps we can begin a new fundraising campaign
    >knowing that we have the ability to back up the campaign with a
    >rescue effort in the short term.  It will be easier for John Sidgmore
    >to make the case to the MCI Worldcom management if IBM is willing to go
    >into this with us and split the $1M cost.  Is it possible?
    >
    >I would then launch a campaign with GIP, ITAA, Internet Society,
    >and other interested groups on the basis that ICANN must succeed
    >or Internet will be in jeopardy.  This ought to play well with any
    >company whose stock price is dependent on a well-functioning Internet.
    >
    >Thoughts?
    >
    >Vint
    [ Reply to This | Parent ]
    My Forward Forty by Vint Cerf WorldCom
    by Anonymous on Friday May 13 2005, @04:22PM (#15239)
    http://www.bizforward.com/wdc/issues/2002-07/forwa rd40/myforward40.shtml

    My Forward Forty
    by Vint Cerf
    Senior vice president of Internet Architecture and Technology,
    WorldCom

    1. John Sidgmore, CEO, WorldCom
    2. Mario Morino, founder, the Morino Institute
    3. Steve Case, Chairman, AOL Time Warner
    4. Mark Warner, Governor, Virginia
    5. Michael Powell, Chairman, FCC
    6. Dick Clark, special assistant to the President, U.S. Office of Cyber-Security
    7. John Hager, Chairman, Virginia Secure Initiative

    "This is hard," says Cerf, as he works his way through his list of the most important people in local business. "Sometimes you have
    to put people on the list with whom you don't agree." Cerf, who co-designed the TCP/IP protocol, the communications system that
    created the Internet, says the top of his list is (his boss) John Sidgmore, "but then again, I'm biased." Cerf doesn't line up with
    FCC Chairman Michael Powell, but he can't deny that he's influential.

    "Then it gets kind of interesting," Cerf says, "because the set of people having a lot of influence right now are not the same ones
    that had influence years ago. It gets hard to pick out people who have a lot of impact. The people who have money left [are
    important]."
    [ Reply to This | Parent ]


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