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Ebbers Is Out at WorldCom
The center has failed to hold at WorldCom(WCOM Quote).
Bernard Ebbers, the 60-year-old chief executive who cobbled together the fallen telecommunications giant via some five dozen acquisitions over two decades, turned in his resignation to the board amid a faltering stock price, a federal investigation, and controversy about a huge personal loan he received from the company.
Under pressure from the board, Ebbers offered to step down at a directors' meeting Friday and made a formal resignation Monday, a report said. The company confirmed the resignation Tuesday morning. ...
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