WorldCom Poll: Lock 'em Up!
That’s the message being sent loud and clear by the first respondents to a Light Reading poll on the WorldCom Inc. (Nasdaq: WCOME) scandal. 100 percent of the first 50 poll respondents say that Bernie Ebbers (former WorldCom CEO) and Scott Sullivan (former WorldCom CFO) should be given “long prison sentences” if convicted of crimes.
Oddly, only 85 percent of poll takers believe Ebbers and Sullivan should be banned from holding any director-level position in a company -- opening the door for board meetings held during visiting hours, or with parole officer escorts.
To take the poll and view the latest results, click here.
The majority (51 percent) of poll respondents hold both Ebbers and Sullivan equally responsible for the alleged fraud at WorldCom. Twenty-three percent think Sullivan is more blameworthy than Ebbers; 15 percent hold the opposite opinion, indicting Ebbers as the bigger hosebag.
83 percent of those taking the poll think that there are worse problems still waiting to emerge at other carriers. A plurality (45 percent) believes that the WorldCom woes will push back recovery in the telecom industry by up to 12 months.
The alleged crimes at alleged WorldCom represent the latest in an alleged crime wave that started to sweep the alleged telecom industry two years ago. It began in June 2000 with a spate of break-ins at optical tradeshows (see Booth Bandit Burgles Cyras and More Optical Vendors Report Break-Ins ) and continued with the brutal beating of a large-headed mascot belonging to Ciena Corp. (Nasdaq: CIEN) at the NFOEC trade show in Denver (see Ciena Mascot Assaulted at NFOEC). Then in October, a dirigible belonging to BrightLink was ruthlessly untethered [ed. note: BrightLink itself was untethered some months later]. This past weekend, in one of the most audacious acts of thievery yet, a box of t-shirts was stolen from Light Reading’s office in Chicago (see Light Reading Targeted in T-Shirt Theft).
O Tempora! O Mores! When will the madness end?
— Stephen Saunders, Founding Editor, Light Reading