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DaSneaky1D
one wall to block them all
Premium,MVM
join:2001-03-29
The Lou
 ·Charter Pipeline
| Re: And this changes what? This does change things. For the past couple of years, Bernie has gotten away cleanly. He put the blame on fall guy Scott Thompson while he continued to receive his severence and life time health coverage for him and his wife. This is actually going to do some damage. Taking away his money and holdings forces him to repay his creditors. If no one will give him a loan to do it (who wants their name associated with him), the main person behind the whole Wcom failure is hit...and hard.
There may be other people that were involved, but his name was on my check...before I got laid off.
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SRFireside
join:2001-01-19
Houston, TX | Re: And this changes what? Still I don't think the company has made any real changes since then. Maybe one person is getting their just desserts, but what about the rest of the cancer?
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DaSneaky1D
one wall to block them all
Premium,MVM
join:2001-03-29
The Lou
·Charter Pipeline
| Re: And this changes what? I still keep in touch with some people that work there. They are making everyone take an ethics course and other things like that. True, there probably are still some very shady pratices going on, but considering how much debt they had to clear, I think they will try to with hold as much money from key people as possible.
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] ::my trivial ramblings:: [ | |
| RonSMeyer
join:2000-05-12
Saint Louis, MO | Scott Sullivan not Scott Thompson. | |
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calvoiper
join:2003-03-31
Belvedere Tiburon, CA
| Re: And this changes what? Yeah, it'd be nice if these folks who know so much could at least get the names right--especially when they come around to jail people.
Bernie probably can't get a loan--there's this little problem of his last loan, for over $300 Million. That went to maintain his investment in WorldCom.
Of course, if he hadn't borrowed that loan, he would have had to sell off his WorldCom stock. The embarrassment of that would have forced his resignation even earlier.
And he'd still have his ranch, his yacht building business, and his other assets. If he just hadn't believed in WorldCom enough to borrow $300 Million to stay in its stock....
Calvoiper
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