« Finding Balance in Leadership | Main | American Idols and Bush »

Jul28
Leaders Beware
It looks like the bad guys lost another one.

Today, a federal appeals court  rejected defense arguments that WorldCom Inc. founder Bernard J. Ebbers was deprived of a fair trial.  That means the fraud conviction stands.  That means that "the once-brash mogul" will likely spend the rest of his life in prison.

The decision puts Ebbers in the same jail-time fraud category as Enron's Lay and Skillings and
former Tyco International Ltd. (TYC) CEO Dennis Kozlowski.

CEO's take note. THe ruling included this sentence.

"It may well be that all but the most trivial frauds in publicly traded companies may trigger sentences amounting to life imprisonment."

Power, pride and greed are the enemies of true leaders but are a seductive temptress.  The penalties for flirting have been raised.

Read more at the
Washington Post.

0 Comments/Trackbacks




submit a trackback

TrackBack URL for this entry:

post a comment

Name, Email Address, and URL are not required fields.





Comment Preview

« Finding Balance in Leadership | Main | American Idols and Bush »

Advertise

Related Resources

sponsored ads



subscribe


Prefer Email?
Subscribe below-

Current News

Support This Blog

My site was nominated for The Blogitzer!