Home
/
RELIGION & LIBERTY ONLINE
/
The telecom cowboy weeps
The telecom cowboy weeps
Dec 31, 2025 10:59 AM

Bernie Ebbers got 25 years in the cooler for his role in the demise of WorldCom. If he serves the full sentence, he’ll be 85 years old when they let him out. Here’s how AP described his reaction when the verdict came down:

Ebbers sniffled audibly and dabbed at his eyes with a white tissue as he was sentenced. He did not address the court. His wife, Kristie Ebbers, cried quietly. Later, the two embraced as the courtroom emptied.

Now, set that picture against these remarks:

At the sentencing hearing, Henry J. Bruen Jr., 37, a former WorldCom salesman, told the court pany’s collapse caused “untold human carnage” and put him through “sheer hell.” He lost all of his savings and couldn’t get another sales job.

There are many thousands more who have been severely battered by the WorldCom collapse. Ebbers also had to cough up nearly $40 million of his own fortune as partial restitution for investors and employees whose retirement accounts were wiped out by the $11 billion accounting fraud. No doubt, many tears were shed by these unfortunates, too. Recently, The New York Times offered this summary of what Mr. and Mrs. Ebbers had to give up:

The assets that Mr. Ebbers has promised to turn over include $5 million in cash, 300,000 acres of timberlands in Mississippi, a prospective multimillion-dollar e tax refund, and interests in a major trucking business, a marina, a golf course, a rice farm, a hotel, a grain pany and other real estate ventures. He and his wife will also be required to vacate their multimillion-dollar home in Clinton, Miss., by October; it will be put up for sale. In addition, Mr. Ebbers has agreed to pay $450,000 to former WorldCom employees who sued him over losses they incurred in their retirement accounts.

So what’s the cure for this, and other corporate wrongdoings? Rev. Robert Sirico points to the solution in “The Ethical Challenge for Business,” mentary written in 2002, that scandal plagued year:

If we are to learn anything from the ethical lapses of business this year, it should be that the Judeo-Christian moral code needs to be retrieved, not reformulated, much less wholesale politicization. Old truths need to be spoken into new contexts, remembering that the basic principles of right and wrong are discovered, not invented. Nor do they change based on circumstance or popularity. If this lesson is not learned from the corporate scandals, we cannot expect the moral standing of business, that activity that most people spend much of their time occupied with, to achieve a level worthy of human beings and a civilized culture.

Comments
Welcome to mreligion comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
RELIGION & LIBERTY ONLINE
A Commodities Primer for Confused Clerics
Earlier this month, the Chicago Tribune ran a story by Cezary Podkul on concerns raised by the Missionary Oblates munity modities trading. Titled “For Nuns and Analysts Alike, Bank Commodity Earnings Are a Mystery,” the story focuses on Rev. Seamus Finn, the Oblates’ top dog, and his fears that Goldman Sachs’ trading practices negatively impact energy and food prices. Podkul reports: Driven by a determination to invest in a socially conscious way, Finn’s group has been concerned about modities activities...
Slavery In America: 50 Years After ‘I Have A Dream’
Yesterday, as a nation, we spent time reflecting on the American landscape 50 years after Martin Luther King Jr.’s historic “I Have A Dream” speech. In it, Dr. King decried that our nation – while abolishing slavery legally – still had a long way to go “until ‘justice rolls down like waters, and righteousness like a mighty stream.'” We still have a long way to go. According to the Polaris Project, there are hundreds of thousands of people trafficked in...
Kuyper for the 21st Century: Calvin College to Celebrate New Biography
James D. Bratt recently released Abraham Kuyper: Modern Calvinist, Christian Democrat, the first full-scale English-language biography of the influential Dutch theologian, minister, politician, newspaper editor, etc. The book has spurred plenty of discussion across the web, and now, Calvin College is hosting a special event to celebrate its publication. The event, “Abraham Kuyper for the 21st Century,” will explore the questions, challenges, and opportunities that Kuyper’s work raises today, as well as how Bratt’s biography helps us respond. In addition...
Maximizing labor, minimizing wages
For this week’s Acton Commentary, ahead of Labor Day weekend, I write about “working harder and smarter,” lessons we can learn from Ashton Kutcher and Mike Rowe. One of the implications of connecting hard work with smart work is that the difficulty of work on its own does not determine its value in the marketplace. It isn’t a question of how hard you are working, but how hard you are working in productive service. This is why Lester DeKoster writes,...
Should Christians Oppose the ‘American Dream’?
The concept of the American Dream can cause a fair amount of tension within the church, says Drew Cleveland. Some have gone as far as to make the American Dream a concept against which the church ought to be opposed: The concern that this dream can be misused is not wholly invalid. Even Smith acknowledges that “this dream easily slides towards idolatry,” and yes, it is often true that a good thing can e an object of worship if not...
Noonan: Work Renews Life and Civilization
To kick off the Labor Day weekend, Peggy Noonan offerssome timely thoughts on the meaning of work: Joblessness is a personal crisis because work is a spiritual event. A job isn’t only a means to a paycheck, it’s more. “To work is to pray,” the old priests used to say. God made us as many things, including as workers. When you work you serve and take part. To work is to be integrated into the daily life of the nation....
The Strangers Who Work For You
As we approach Labor Day here in the U.S., it’s good to ponder “work”, that most ordinary feat nearly all of us perform every day. We get up, get dressed, and do our jobs. It’s quite simple…and quite amazing. There is a lovely reflection on this from Don Boudreaux at Cafe Hayek: Ponder this astonishing fact: Each and every thing that we consume today in market societies is something that requires the coordinated efforts of millions of people, yet each...
Blacks as Mascots of Progressivism
There are times when you have to imagine that black justice pioneers like Harriet Tubman, Booker T. Washington, Frederick Douglass, Harriet Tubman, and the like, must be turning in their graves at the nonsense circumstances that black Americans find themselves in in 2013. For example, MTV’s Video Music Awards promoted, yet again, the race-driven stereotype of black women as sexualized jezebels. The Jim Crow Museum at Ferris State University explains the history of the jezebel stereotype: The portrayal of black...
The Dumbest Article About Private Schools You’ll Ever Read
However misguided their aims, there was one a time when progressives worked to protect the welfare and improve the lot of the individual. Today, the goal of many progressives is to protect the welfare and improve the lot of public bureaucracies. A prime — and stunningly inane — example of this tendency is found Allison Benedikt’s “manifesto” in Slate titled, “If You Send Your Kid to Private School, You Are a Bad Person“: You are a bad person if you...
Lies Our Culture Tells Us About Changing Our Culture
We are told, over and over, we are in the midst of a “culture war” here in the U.S. It’s Right vs. Left, Republican vs. Democrat, Baby Boomers vs. Gen Xers, Pro-Life Vs. Pro-Abortion. You get labeled by the church you attend, the shoes you wear, the type of beer you drink. We want our culture to be “better,” but we can’t seem to agree on what that means. David French, Senior Counsel at the American Center of Law and...
Related Classification
Copyright 2023-2025 - www.mreligion.com All Rights Reserved