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WorldCom / House Hearings / Earnings #704950

ABC Evening News for Monday, Jul 08, 2002
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(Studio: Peter Jennings) Report introduced.

(Capitol Hill: Linda Douglass) House hearings on the WorldCom corporate scandal featured; scenes shown from the committee session. [Former WorldCom CEO Bernie EBBERS†- says he does not have anything to hide but he is invoking his constitutional rights.] [Representatives Gary ACKERMAN, Michael OXLEY, Michael CAPUANO - question Ebbers.] [Former Arthur Andersen partner Melvin DICK†- says we did not know about the transfers.] [Representative Barney FRANK - questions Dick.] [Salomon Smith Barney Jack GRUBMAN†- comments.]

(Studio: Peter Jennings) Statistics cited on the amount of money Ebbers, CFO Scott Sullivan & new CEO John Sidgmore† made by selling WorldCom stock.

Douglass, Linda;
Jennings, Peter

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