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...detected??a pattern in your story on the fall of WorldCom's former CEO Bernie Ebbers and other corporate fraudsters who may be facing hard time [March 28]. You reported that "Ebbers said he was too ignorant about accounting to detect the financial crimes of his underlings." John Rigas, CEO of Adelphia Communications, "claimed he was CEO in name only." And Richard Scrushy, CEO of HealthSouth Corp., "thought his financial officers, though aggressive, were operating within the confines of the law." It is stunning how men who claim to be so clueless came to run huge companies and earn salaries...

Author: /time Magazine | Title: Letters: Apr. 18, 2005 | 4/10/2005 | See Source »

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