Bernie Ebbers, the CEO of WorldCom, a major telecommunications company, was having personal finance troubles. Ebbers pledged a large stake of his WorldCom stock as security for some personal loans. As the price of WorldCom stock sank, Ebbers$$ bankers threatened to sell his stock in order to protect their loans. To avoid having his stock sold, Ebbers asked the board of directors of WorldCom to loan him nearly $$400$ million of corporate assets at $2\mathrm{.}5\%$ interest to pay off his bankers. The board agreed to lend him the money.