WorldCom Counsel, Treasurer Resign
From Associated Press
WorldCom Inc. said its general counsel and treasurer resigned, a day after they were criticized in a report about the company’s former management and lack of oversight. Michael H. Salsbury was an executive vice president and counsel; Susan Mayer was a senior vice president and treasurer.
The report, prepared by former Atty. Gen. Richard L. Thornburgh for WorldCom’s bankruptcy judge, noted that Salsbury executed a more than $6-billion acquisition agreement in February 2001 without the board’s knowledge or approval.
