August 7, 2002
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CORPORATE SCANDALS REVISITED
Scott Sullivan,former WorldCom Chief Financial Officer, is taken to a court appearance in New York after being arrested and charged with securities fraud, August 1, 2002.(Shannon Stapleton/Reuters) Scott Sullivan,former WorldCom Chief Financial Officer, is taken to a court appearance in New York after being arrested and charged with securities fraud, August 1, 2002.(Shannon Stapleton/Reuters)

AAPOST ONLINE

There is nothing that most of us hate worse than for someone to think we’re not too bright. In a sense, we could almost say that happened collectively with the corporate scandals.

I hope for all of us, it is a matter of a sense of right and wrong. I always hate to couch things in a Christian context as honestly, the total disconnect between our spiritual lives and the real world seems at times to be non-existent.

I prefer to talk about morality. I think it goes down a little more palatable with most folks, especially non-church folks.

WHY? Mainly, they often see the hypocrisy involved. And, there seems to be no greater example than what we are presently seeing in the corporate world and in general.

For instance, should we be incensed about this? Some lawyers tried to charge the State of California $8,800 an hour after winning a case against the Department of Motor Vehicles. Fortunately, a court threw the fee out with these comments, "This was an unconstitutional gift of public funds." Another said, "The fact that attorneys even requested a fee award of this magnitude from the taxpayers is a testament to the unreal world of greed in which some attorneys practice law in this day and age.

THE OPERABLE WORD IS GREED.

Here's examples of the "disconnects or hypocrisy:" the 78 year old CEO of Adelphia Communications touted the fact that he was a devout Christian. He often censored programming he deemed unseemly on his cable networks. He is only accused of stealing hundreds of millions of dollars, costing investors more than 60 billion-DISCONNECT!

Then there is the CEO of World Com who attended a Southern Baptist college and wrote in a 1996 alumni magazine, “I came to have a fuller understanding of what my purpose was in life, what a personal relationship with Jesus Christ really meant and how I would try to live my life from this point on.” DISCONNECT!

Without being judgmental, we’d have to say that somewhere along the way, he possibly got lost and greed took over. He led his company to 4 billion $$$$ of inflated earnings, leading to the largest bankruptcy in the Nation’s history while receiving hundreds of millions in personal loans from the company.

Then there’s the CFO at Enron, who teaches Hebrew school at his synogogue and has helped raise millions for Houston’s Holocaust museum. While he was not teaching Sunday School, he is accused of setting up scores of offshore subsidies that masked Enron’s massive debt load, leading to their bankrupcy. DISCONNECT!
JHL

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