Saturday, September 09, 2006

Countdown to WorldCom CEO Ebbers Going to Jail

Well it looks like Bernie Ebbers, famed WorldCom CEO, is enjoying his last days as a free man. He has to report to Jail as of Sept. 26, 2006 to begin serving his 25 year sentence for accounting fraud.

While you can't help feel bad that this man will be locked up most likely for the rest of his life, I still feel like he deserves it. Maybe he is just being made out as an example just like Martha was a few years ago, but the reality is corporate corruption on this scale has to be treated as a major crime... REMEMBER... This is not a victimeless crime. How many peoples lives were ruined and futures devastated by his shameless practices.

It has too long been considered as a no big deal type of crime and now we need to let people know that these kind of accounting scams all for the sake of stock prices is grand theft larceny and people that engage in it should be tried the same as someone who robs a bank.

While I will acknowledge it can be a fine line to walk between staying on the right side of things in a big corporate environment, I still believe we need to do our best in keeping big business honest.

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