WorldCom Finance Exec's Journey
As a follow up to my post yesterday on the effects of new regulations on management and board retention and compensation, yesterday's Wall Street Journal (registration required) detailed the life of a former WorldCom financial executive who has learned the hard way the consequences of looking the other way when he "put aside his misgivings and agreed to go along with false accounting entries." Having pleaded guilty and now helping the government in its pursuit of others in the case of WorldCom, he still could face 10 years in prison. I think it's interesting to read these types of articles to look at the personal side of the consequences of a person's decision to engage in such actions. It's a side that most never consider when they make the wrong decision.
