BNET Industries
- Private
- US
Dow Jones Description
Located in Clinton, MS. WorldCom is one of the world's largest telecommunications companies with 20 million consumer customers, thousands of corporate clients and 80,000 employees. MCI refers to its long distance service. It also owns UUNet, controlling the wires that Internet service providers use as superhighways to carry Internet traffic between cities and across continents. Even before the recent accounting disclosures, by 2001, WorldCom was already going through financial turmoil due to large debt and declining rates and revenue. Growth in the telecommunications industry was slowing and the company had too much network capacity. The company was deep in debt from an ambitious buying spree. There were also the controversial $408 million loans to CEO Bernie Ebbers to cover his margin calls on loans secured by company stock.
Peer Companies
NAICS Code Wired Telecommunications Carriers: 517110
News & Analysis
Filter by
government and worldcom inc. - All News and Analysis
Convicted executives forced to sell homes
- 2006-11-13
When CEOs sell their multimillion-dollar homes, it's usually because they're relocating to a different market, or trading up to an even bigger house. In the case of Walter Forbes, the former Cendant chairman whose baronial 8-acre estate in New Canaan, Conn., is on the market for $12.5 million, the reasons...
The predator state: Enron, Tyco, WorldCom … and the U.S. government?
- 2006-05-01
WHAT IS THE REAL NATURE of American capitalism today? Is it a grand national adventure, as politicians and textbooks aver, in which markets provide the framework from which emerges the greatest good for the greatest number? Or is it the domain of class struggle, even a "global class war," as...
BIGGER CARROTS AND BIGGER STICKS: ISSUES AND DEVELOPMENTS IN CORPORATE SENTENCING[dagger]
- 2006-01-01
WELCOME Jill E. Fisch Fordham University Law School MODERATOR Hon. John S. Martin, Jr. Debevoise & Plimpton LLP PANELISTS Richard C. Breeden Richard C. Breeden & Co. Timothy Coleman Senior Counsel to Deputy Attorney General James Comey Stephen M. Cutler Securities and Exchange Commission Celeste Koeleveld U.S. Attorney's Office, Southern...
Bernie's bequeath.(Opinion)
- 2005-03-21
Byline: Jeffrey Silva In a week when the one-time cowboy CEO of WorldCom was found guilty of massive accounting fraud, a Boston firm predicted U.S. businesses will spend $80 billion on compliance with federal mandates during the next five years. By far...
Nightly Business Report
- 2005-03-15
PAUL KANGAS, NIGHTLY BUSINESS REPORT ANCHOR: A jury says he`s guilty of masterminding the biggest accounting fraud in U.S. history. Bernie Ebbers, the former CEO of WorldCom, leaves a New York courthouse this afternoon, convicted on all nine counts. It`s a stunning downfall for a man who...
SCANDAL MONGER
- 2005-02-27
SCANDALMONGER believes that there should be transparency in business. . . particularly the glass business. But unfortunately this would appear to be somewhat lacking among some leading glass manufacturers. The European Union's competition regulator raided the offices of glassmakers in six countries at the end of...
MIS Training Institute Presents The Summit on Auditing and Governance in the Era of Sarbanes-Oxley and PCAOB
- 2004-11-01
FRAMINGHAM, Mass. -- The Summit on Auditing and Governance in the Era of Sarbanes-Oxley and PCAOB will be held in New York, NY, December 8 and 9, 2004, with optional workshops on December 7 and 10. With intensive sessions focusing on critical audit topics and a Keynote Address by Cynthia...
State retains jurisdiction over regulation of telephone lines
- 2004-08-24
Telephone service provider Qwest Corp. has been getting its paperwork together since the 8th U.S. Circuit Court of Appeals held on Monday that a state regulatory body has the authority to determine whether Qwest must report its special access services to its competitors. The decision, affirming that of...
Oklahoma Companies Endure Erratic 2003; Trials, Tribulations Among Top Stories.
- 2003-12-31
By Paul Monies, The Daily Oklahoman Knight Ridder/Tribune Business News Dec. 31--It was a topsy-turvy year for Oklahoma business, with the state's top financial stories encompassing everything from fraud and flying to war and weather. For ordinary Oklahomans, the...
Tauzin Asks FCC For WorldCom Documents
- 2003-07-31
House Energy and Commerce Committee Chairman Billy Tauzin (R-LA) on Wednesday asked the Federal Communications Commission to turn over documents pertaining to actual or alleged violations by WorldCom [WCOEQ.PK] of the agency's rules. AT&T [NYSE: T], Verizon Communications [NYSE: VZ] and SBC Communications [NYSE: SBC] have all supplied information to...
Industry Transcripts by Seeking Alpha
-
Trintech Group PLC F3Q10 (Qtr End 10/31/09) Earnings Call Transcript
on Nov 25, 2009about TTPA
-
Blue Coat Systems, Inc. Q2 2010 Earnings Call Transcript
on Nov 24, 2009about BCSI
-
QAD Inc. F3Q10 (Qtr End 31/10/09) Earnings Call Transcript
on Nov 24, 2009about QADI
-
TiVo Inc. F3Q10 (Qtr End 10/31/2009) Earnings Call Transcript
on Nov 24, 2009about TIVO
-
Brocade Communications Systems Inc. F4Q09 (Qtr End 31/10/09) Earnings Call Transcript
on Nov 24, 2009about BRCD
Glass Door
Technology Industry Companies
| Company | Employer Rating |
 |
|
| Microsoft | |
| Cisco Systems | |
| QUALCOMM | |
IndustryTop Rated
