July 8, 2002 -- (WEB HOST INDUSTRY REVIEW) -- Former WorldCom CEO Bernard Ebbers and former chief financial officer Scott Sullivan have been subpoenaed to testify at a House Financial Services Committee meeting at 1 pm on Monday.
The company?s current CEO John Sidgmore and chairman Bert Roberts are also expected to answer questions, along with Salomon Smith Barney telecom analyst Jack Grubman.
The hearing comes shortly after several members of congress said confidence in American corporations has been shaken by the scandals at Enron and Global Crossing, as well as at WorldCom. The Congress members said investor confidence would likely come back when major corporate leaders were indicted.
According to reports, lawyers for both Ebbers and Sullivan have notified the committee that their clients will exercise their Constitutional rights to refuse to testify to avoid incriminating themselves, by pleading the Fifth Amendment. The two will still be required to attend the hearing.
Investigations began last month after WorldCom said that internal audits had revealed almost $4 billion in accounting improprieties. The Securities and Exchange Commission sued WorldCom following the news, and WorldCom reportedly sued Sullivan on Friday, demanding that he return $10 million in bonuses.
Read Back Issues of WHIR Magazine
October 2009 - Web Hosting's All Star Team
This has been, for us, one of the most interesting, exciting and challenging build-ups to an issue of the magazine yet, Web Hosting's All Star Team. The balloting process was our first experiment with a kind of user participation we're planning to do a lot more with in the months to come. We had thousands of ballots submitted, with hundreds of write-in suggestions and a demonstration of user engagement that has us feeling super positive about the project.
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July 2009 - What am I Worth?
One of the interesting luxuries of working on a project like the printed WHIR magazine is that it allows us to play with things like our point of view from one issue to the next. In recent months we've been giving added attention to the kind of practical and applicable advice aimed at smaller hosts and resellers. This issue carries on with that point of view, asking, in our cover story, "what am I worth?" It's a complicated question without a clear-cut answer.
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May 2009 - The Blueprint for a Small Web Host
I was a little surprised by how difficult it became to see this idea through. We set out to assemble a blueprint for a small hosting business, but butted up pretty quickly against the general impossibility of covering all the territory that was out there to be covered. The basic constraints of a printed magazine, and the less-than-infinite amount of time we had available forced us to face the fact that we could never produce an exhaustive guide to starting a hosting company.
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