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(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
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