The most entertaining part of the ongoing testimony from Scott Sullivan, Worldcom’s former CFO, is all the dish he is delivering in his effort to paint former Worldcom CEO Bernie Ebbers as a micromanager. There was, according to Sullivan, nothing that Ebbers didn’t fret about, to the point that one wonders how Ebbers had time to perpetrate such a sizable fraud on shareholders. Apparently there was no rest for the wicked at Worldcom:
As WorldCom’s once-soaring business began a multibillion dollar descent into bankruptcy, a penny-pinching Bernie Ebbers went so far as to secretly refill water-cooler bottles with tap water and count the bags of coffee in the staff kitchenettes, witnesses testified yesterday.
Ebbers walked the WorldCom headquarters at night with a security guard, filling up the empty jugs from the tap instead of having to pay for fresh bottles of spring water, a former company analyst told the jury.
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