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Corporate Corruption / WorldCom / Wachner / Stock Market #707577

NBC Evening News for Thursday, Aug 08, 2002
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(Studio: Stone Phillips)

(New York: David Faber) The revelation that the dollar amount of WorldCom’s fraudulent accounting is greater than expected discussed.

(Studio: Scott Stone Phillips) Report introduced.

(Washington: Lisa Myers) The claim of ousted Warnaco CEO Linda Wachner† that the company should pay her severance pay featured. [Union of Needletrades, Industrial and Textile Employees Bruce RAYNOR†- says it’s an outrage.] [Thomson First Call Chuck HILL†- comments on the boldness of CEOs.] [Cyber Business Credit Richard HASTINGS†- comments on Wachner’s reputation.] [In January 2001, WACHNER – talks about Warnaco’s future.]

(Studio: Stone Phillips) Stock Market Report.

Faber, David;
Myers, Lisa;
Phillips, Stone;
Stone, Scott

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