4. Scott Sullivan Chief Financial Officer of worldcom
In 2002 Annual meeting of worldcom Sullivan
had been allocated 2,811,927 Stock options .
In order to capitalize on options Sullivan
needed the stock price to rise to acquire
more companies.
Worldcom has been using merger to prop up
earnings. In 1998-worldcom merged with MCI,
one of the biggest mergers in history.
5. Bernie and Scott Sullivan were each indicted
The star witness against Ebbers was Scott Sullivan, the former finance chief, who claimed Ebbers repeatedly ordered him to "hit our
numbers" - a command, Sullivan said, to falsify the books to meet Wall Street expectations.