Former WorldCom CEO set to sell Savannah yacht company

SAVANNAH - Former WorldCom chief executive Bernie Ebbers is looking for a buyer for his yacht-building company. <br> <br> If he doesn&#39;t find one by Nov. 30, 131 employees will lose their jobs when Intermarine Savannah shuts down. <br> <br> Ebbers, who resigned in April from his post at the telecommunications giant, doesn&#39;t want to continue funding the motor-yacht builder in which he has invested more than $60 million since buying it for $14 million in 1998. <br> <br> Intermarine&#39;s chief financial officer, Calvin Hancock, wouldn&#39;t say how much Ebbers is asking for the company or who might buy it. <br> <br> ``It&#39;s been rumored they were going to sell it, but nobody ever thought they would shut it down,&#39;&#39; ship fitter Anthony Butler told The Savannah Morning News. ``It knocked everybody to the floor.&#39;&#39; <br> <br> Even as the deadline set by Ebbers looms, many employees at Intermarine Savannah say aren&#39;t worried because their line of work is specialized and in demand. <br> <br> ``Everybody feels pretty positive something good&#39;s going to happen,&#39;&#39; said Terri Zeigler, an inventory worker. <br> <br> The company is continuing with its work building yachts with price tags between $6 million and $15 million. It recently finished a 145-foot yacht and repairs and maintains other ships. <br> <br> While WorldCom&#39;s business was crumbling, Ebbers borrowed $408 million from the company, including tens of millions of dollars to pay back money he&#39;d already borrowed to buy WorldCom stock. <br> <br> Clinton, Miss.-based WorldCom, the once high-flying long-distance and Internet services company, filed for Chapter 11 bankruptcy protection in July.