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Corporate Corruption / WorldCom Executives / Employees #707132

ABC Evening News for Thursday, Aug 01, 2002
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(Studio: Elizabeth Vargas) Report introduced.

(Justice Department: Pierre Thomas) The arrest of two former WorldCom corporate executives CFO Scott Sullivan† & controller David Myers†† featured; details given of the specific charges. [Attorney General John ASHCROFT - outlines the message to corporate executives.] [FBI director Robert MUELLER†- says corporate fraud has criminal consequences.] ["Rothenberg Political Report" Stuart ROTHENBERG†- says the administration understands the political importance of charging white-collar criminals.] [Sullivan's attorney Irv NATHAN†- says we regret the political overtones in the case.]

(Studio: Elizabeth Vargas) "The Bottom Line" for the WorldCom employees introduced.

(New York: Dan Harris) "Financial Times" study on how much top corporate executives took home examined; salaries for WorldCom, Enron & Global Crossing CEOs outlined on screen; details given of the plight of laid-off WorldCom employees; scenes shown of Sullivan's mansion. [Former employee Donna BALDWIN†- says she is left with despair.] ["Financial Times" United States managing director Lionel BARBER†- says the top individuals walked away with millions.]

Reporter(s):
Harris, Dan;
Thomas, Pierre;
Vargas, Elizabeth
Duration:
00:04:40

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