Summary:

WSJ.com :: WorldCom Inc.’s board is expected Tuesday to consider whether to undo the severance package of ousted Chief Executive Bernard J. Ebbers, which includes the repayment terms of a low-interest $408 million loan and lifetime retirement pay of $1.5 million a year, according to people […]

WSJ.com :: WorldCom Inc.’s board is expected Tuesday to consider whether to undo the severance package of ousted Chief Executive Bernard J. Ebbers, which includes the repayment terms of a low-interest $408 million loan and lifetime retirement pay of $1.5 million a year, according to people familiar with the situation. Separately, John Sidgmore, who succeeded Mr. Ebbers about four months ago, is expected to present to the board a plan to conduct a search to replace himself as CEO, say people familiar with the matter.

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