Search the Archive

WorldCom / Corporate Scandal #704166

ABC Evening News for Wednesday, Jun 26, 2002
View other clips in this broadcast →

Material supplied by VTNA may be used for educational analysis or research only. Any editing, reproduction, publication, rebroadcast, public showing or public display may be prohibited by copyright laws.

(Studio: Peter Jennings) The corporate scandal coming out of WorldCom's admission that it tried to hide 3.8 billion in expenses introduced. [President BUSH - says we will investigate & hold people accountable.]

(Studio: Betsy Stark) The scope of the government investigation into WorldCom & MCI examined; details given of the bookkeeping fraud & about the role of Arthur Andersen accounting. [Center for Financial Research & Analysis Howard SCHILIT - wonders what else could be found after management played games with the accounting.] [On the street, WOMAN - suspects many companies are practicing bad business.]

(Studio: Peter Jennings) Report introduced.

(Atlanta: Erin Hayes) The sudden impact of the WorldCom scandal examined; details given about bonuses for CEO Bernard Ebbers, who resigned. [April 30, EBBERS - comments on the company.] [Consumer Federation of America Mark COOPER - says the company was run into the ground.] [WorldCom EMPLOYEE - wonders who will be gone next.] [Chicago Mayor Richard DALEY - criticizes the executives.]

Hayes, Erin;
Jennings, Peter;
Stark, Betsy

Note to sponsor members: The Vanderbilt Television News Archive video player requires a modern operating system and browser to work properly. If you are experiencing playback problems, check the minimum requirements and adjust your setup accordingly. After adjustments, if you continue to experience problems, please contact us.

Welcome! Above is the abstract of the item that you're interested in viewing from the Vanderbilt Television News Archive's collection. You have three options if you'd like to view this item:

  • You may request a loan of this video by registering on our website and placing an order.
  • You may visit the Television News Archive on the Vanderbilt campus to view on-site from the Archive's collection.
  • If you are associated with a college or university, you may ask your library if they would like to become a sponsor, which would give students and faculty at your institution the ability to view items from our collection.

If you believe that you are associated with a sponsoring college or university and have received this message in error, please let us know.