If hacker threats aren't enough to get you worried, here's another one. One executive at the conference said his business loses about 300 notebook computers a year. That's a lot of sensitive company information roaming free. What's on your colleagues' notebooks?
While some of us might fret about what co-workers are saying about us, we can take solace in the fact that the stakes are rarely as high as they are for WorldCom execs. Last week, the company's former controller, David Myers, pleaded guilty in U.S. District Court to conspiracy, securities fraud, and lying to the Securities and Exchange Commission. U.S. prosecutors have been trying to build a case that higher-ups, particularly former CFO Scott Sullivan and former CEO Bernie Ebbers, knew about the fraudulent books. Myers admitted to fraudulent accounting carried out under the orders of more senior WorldCom executives and with the help of subordinates, but he hasn't named names.
A more realistic fear than indictment these days is getting laid off. And CEOs at technology companies should share this concern. They're more likely than execs in any other sector to be bounced for bad results, according to a survey by Booz Allen Hamilton of CEO transitions in 1995, 1998, 2000, and 2001 at the 2,500 largest public companies. Forty-two percent of CEO changes in those four years were linked to poor performance.
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