Why Do You Think Mr. Myers Should Have Never Spent A Day In Jail

WorldCom, WorldCom, WorldCom… This name has been thrown around the accounting school since my freshman year. It is as if it haunts our school as a warning to all future accounting students. However, as I read this case I did not have anything in mind other than trying to solve this situation from a judge’s standpoint. I thought I had an idea of where I stood on this situation until I tried to put myself in Mr. Myers’s shoes. After combining both of my stances, I have finally come to the conclusion that Mr. Myers should have never spent a day in jail. I believe it’s important to know the entire situation when it comes to Mr. Myers and WorldCom. Mr. Myers was the Controller of WorldCom, and Mr. Sullivan was the Chief Financial Officer. StrategicCFO defines a controller as, “A Controller is responsible for the accounting and record keeping of an organization. Additional responsibilities can include management of information technologies, insurance, sales tax reporting, federal income tax reporting, outside CPA audits and human resources.” They also define the CFO as, “Though a CFO is ultimately
This was a huge ethical case that politics decided to make an example out of. For example, my charges were dropped, but I had to do several weekends of community service work along with college education because the city wanted to make an example of my friends and me. The article even mentions that Mr. Myers had to stand outside the escort car during his “perp walk” while the FBI agent just watched him be humiliated. Going back to the definitions earlier, Mr. Sullivan sounds like the man in charge of the financial reports. Everyone wants to make a six-digit salary, but those digits come with a certain weight of responsibility. If WorldCom was investigated from the top of the company to the bottom, I am confident they would all be asked to retire, but Mr. Sullivan and Mr. Ebbers would be the ones carrying the entire