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Transcripts For CNBC The Profit 20240713
Out of millions of dollars. Medawar was extraordinarily, um, good at what he did. He was the consummate con man. [ music ] i would ask the, uh, witnesses to, uh, rise. Andand raise your right hand. In the summer of 2002, a ceo is called before congress, grilled about why his company has gone bust, and why shareholders have lost a total of 180 billion. Each of you is now under oath. Good afternoon, mr. Chairman. I served as ceo of worldcom for 17 years. During that time, i helped a
Small Company
rise to one of americas largest corporations. Bernard ebbers, former ceo of worldcom, symbolizes an era of corporate greed and fraud. Worldcom is one of the fastest
Rising Companies
in u. S. History. And one of the hardest to fall. The year is 1983. At a diner in the small town of hattiesburg, mississippi, local businessmen meet over coffee and donuts. Ma bells monopoly on
United States
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Beverly Hills
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Ma Bell
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Bernie Ebbers
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Worldcom Sam Owens
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Bernard Ebbers
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George Bush
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Salomon Smith Barney
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Andrea Bacall
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Clinton Mosley
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Bernie Ebbers Isa
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Murray Spencer
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John Mosley
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Craig Melvin
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Scott Sullivan
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Murray Waldron
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Palos Verdes
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America Ebbers
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Maria Bartiromo Bernie
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Walt Finnigan
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Sean Coffey
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Company Gone
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Small Company
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Company Rise
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Rising Companies
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Small Town
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