WorldCom Controller didn’t stand up to his CFO when asked to book a transaction he disagreed with. In Contrast, Swisher’s Controller stood up to what’s right and got fired for it. He is my hero for standing up to the truth.
I’ve always been curious about human behavior/psychology and how it impacts our vulnerability to committing acts of fraud and deception. In this video, I breakdown the events that lead to the collapse of WorldCom compared to Swisher.
Interview with David Myers video (credit for clips used in this video):
https://www.youtube.com/watch?v=hXSWAK0K5L4&t=383s
Article about Swisher’s Fraud Case:
https://www.sec.gov/litigation/litreleases/2019/lr24396.htm
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