Reaction to former WorldCom CEO's conviction - NewsOn6.com - Tulsa, OK - News, Weather, Video and Sports - KOTV.com |

Reaction to former WorldCom CEO's conviction

Updated:
About a thousand Tulsa workers lost their jobs when WorldCom's financial problems came to light.

Former employee Mike Smith still remembers his feeling of awe the day CEO Bernard Ebbers came to Tulsa for a visit. Ebbers spoke informally with the workers and boosted morale in a time of crisis.

Employees had no idea how deep the scam went until WorldCom's accounting irregularities were revealed, and the company declared bankruptcy. Smith suspects Ebbers knew what was going on. He wasn't surprised at the guilty verdict, but he is shocked at how long Ebbers could be in prison. "It's a sentence I wouldn't wish on anybody to have to spend the rest of their life in prison, but if his actions required that kind of a consequence then, it's the choice he made."

Ebbers' sentencing is set for June 13. Oklahoma will file its own case against the convicted former CEO.

State officials say Ebbers will have a choice. He can plead guilty and serve a concurrent sentence, or face another trial here.
Powered by Frankly
News On 6
303 N. Boston Ave.
Tulsa, OK 74103
Newson6.com is proud to provide Oklahomans with timely and relevant news and information, sharing the stories, pictures and loves of Oklahomans across our great state.
All content © Copyright 2000 - 2017 KOTV. Oklahoma Traveler™ is a registered trademark of Griffin Communications. All Rights Reserved.
For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.