Bernard Ebbers Quotes


We accelerated our capital spending in the fourth quarter, particularly in international and next-generation network deployment, which should not only sustain future revenue growth but also drive significant cost reductions across all communications services.


Citations

Ebbers, Bernard. "MCI WorldCom Reports Record Fourth Quarter and Full Year 1999 Results." PR Newswire, 10 Feb. 2000.

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Bernard Ebbers
Bernard Ebbers
  • Born: August 27, 1941
  • Died: February 2, 2020
  • Nationality: Canadian
  • Profession: Businessman

Bernard John Ebbers was a Canadian businessman, the co-founder and CEO of WorldCom and a convicted fraudster. Under his management, WorldCom grew rapidly but collapsed in 2002 amid revelations of accounting irregularities, making it at the time one of the largest accounting scandals in the United States. Ebbers blamed his subordinates but was convicted of fraud and conspiracy. In December 2019, Ebbers was released from Federal Medical Center, Fort Worth due to declining health, having served 13 years of his 25-year sentence, and he died just over a month later.