When Greed Goes Too Far - The Worldcom Fraud

Comments · 3.9K

• WH

  @Whydidudoitcrushinator · 5 years ago

  When a Fortune 500 CEO says “what I feel in my heart of hearts,” run for your fucking lives...

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• SK

  @sk1ppman · 3 years ago

  They cost people over 17,000 jobs and $30 Billion Dollars but only get 5 years of jail time? You can go to jail for 10 years here for just having pot on you in some states.

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• JE

  @jessicakakern4571 · 4 years ago

  That CFO really deserved more time than 5 years. He seemed really involved in the whole fraud and it messed up a lot of people's lives.

  445

• SH

  @shin1300 · 5 years ago

  Last time I was this early Theranos was an advance medical company

  2.8K

• GO

  @goldeneastgun · 5 years ago

  Ebbers would cut free coffee for his workers, but then throw lavish birthday parties for his wife where he would gift her with a $6000 shower curtain, among other things. Ahh... good times. I remember the 90's well.

  2.7K

• BO

  @bondi5000 · 4 years ago

  I worked at WorldCom as a sales rep in Australia when all this blew up. They paid crazy commissions to their sales people - best sales job I ever had. 😂

  554

• NO

  @noblepolygon8694 · 5 years ago

  I worked for MCI Worldcom at a call center when I was 18 in Alpharetta, GA. One day I came to work and the building was locked up. Being 18, I didn't really give a sh*t and joined the Navy a few weeks later.

  2.7K

• NI

  @nishitpatira1740 · 5 years ago

  "Because everyone expects the person above them is doing the right thing". This is a real concern even today. In my own company, a lot of people are heard saying, "just do what is being told" or "they are at XYZ Senior position, so they know better than we do". While I agree that they are at a senior role for a reason, blind following is never good.

  2.3K

• YO

  @yohanes500 · 4 years ago

  Cyntia Cooper was the unsung Hero in this case. I once read that she orders her employee to work in nightshift and move the data they found into disks to avoid the data they found would be deleted or destroyed. Her family also notice some change in herself. She often sleep very late in the night, she often ask her family whether what she was doing is right or wrong.

  275

• AB

  @abandonedmuse · 5 years ago

  Cynthia has cojones of steel!! I cannot imagine the ire she endured.  Brave woman.

  497

• 亗E

  @亗Enki亗 · 5 years ago

  I love how every CEO can just straight lie to the faces of its share holders and investors when the ship starts going down.

  945

• JO

  @johndavies1506 · 3 years ago

  I worked for WorldCom in Holland. Before going to work I saw the collapse on breakfast television, when I got to work most of my colleagues didn't know about the news. It took nearly  3 days before the company made an official statement to us. They got chapter 11, and I lost my job.

  104