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WorldCom Inc. is in the Technology Industry
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Lessons from the Mega-Mergers
These high-profile corporate mergers are excellent case studies for anyone considering a potential acquisition. Hewlett-Packard and Compaq Date:...
'Opt-Out' Plaintiffs Settle With WorldCom
Five New York City public pension funds that did not join in the $6.1 billion WorldCom class-action settlement have settled their own lawsuits for a total of $78.9 million. The pension funds lost more than $200 million on WorldCom stock and bond investments after the company, now called MCI, filed...
Inside the Telecom Crash: Bankruptcies, Fallacies and Scandals - A Closer Look at the WorldCom Case
Numerous telecommunication companies have entered bankruptcy proceedings in the United States lately, with 2002 being a record year. WorldCom, the second largest long-distance telephone carrier in the country, was one of them. WorldCom's rise and fall typifies the meltdown of the highly leveraged telecommunications sector over the last few years....
Worldcom Corporate Governance Proposals Will Influence Other Companies
The Court-appointed Corporate Monitor for WorldCom, filed recommendations for improving corporate governance. Report contains dramatic proposals that will stir debate at other companies. Reports shows the fact that good governance is not achieved by simply adhering to checklists of best practices, but a more complex equation that is highly dependent...
From Enron To WorldCom And Beyond: Life And Crime After Sarbanes-Oxley
Ever since the corporate meltdown began, Federal and State regulators have initiated criminal fraud investigations against dozens of corporations. The process resulted in the implementation of corporate governance reforms and enactment of the Sarbanes-Oxley Act SOX. The paper examines the aftermath of the SOX Act on various organizations.
After WorldCom : How Much Consolidation Can U.S. Telecom Regulators Permit?
The article explains how much industry consolidation can telecom regulators permit without significantly impairing competition? It recognize that regulators will judge any merger based upon the relevant facts but, in general, it suspect the answer may prove to be "more than you might think," -- especially if the "failing firm"...
After WorldCom: How Much Consolidation Can U.S. Telecom Regulators Permit?
WorldCom's recent bankruptcy has likely set the stage for a new round of telecom industry mergers that will test the long-standing competition policies of U.S. regulators. As Federal Communications Commission FCC told Congress that It is difficult to imagine the industry stabilizing without some modest and prudent restructuring. With new...
After WorldCom: How Much Consolidation Can U.S. Telecom Regulators Permit?
WorldCom's recent bankruptcy has likely set the stage for a new round of telecom industry mergers that will test the long-standing competition policies of U.S. regulators.
Leadership Communication at WorldCom
WorldCom's new CEO, Michael Capellas, seems to appreciate internal communication as a strategic business function. In fact, this article suggests he is initially treating employee communication as his primary business function. The article suggests the leadership tips adopted by the CEO.
Failed Deals
In July 2002, the EDS share price was rocked by the sudden decline and subsequent bankruptcy filing of WorldCom, Inc., a telecom services company. In October 1999, EDS had entered into a reciprocal deal with WorldCom, where EDS was providing IT services and EDS agreed to act as a reseller...
Predicting Bankruptcy In The Worldcom Age
Today knowing how to determine the credit-worthiness of customers may help save essential pennies in business. For decades, considerable accounting and finance research was directed at finding a ratio that would serve well as a predictor of bankruptcy. One of the bankruptcy prediction models is Z-score model which is explained...
Enron, Worldcom And The Rest
The paper shows that the most common value that balances achievement and stimulation is a high regard for justice and fairness. There are highly accomplished people, trained to fear failure and seek to be outstanding in everything they do. Achievement motivation is clearly a strength. Other important values are needed...
A New Voice in the Corporate Governance Debate—The Recommendations of WorldCom’s Corporate Monitor
On August 26, 2003, Richard Breeden, the courtappointed “Corporate Monitor” for WorldCom, Inc., published Restoring Trust, a voluminous report recommending the adoption by WorldCom, Inc., in connection with its emergence from Chapter 11 bankruptcy proceedings, of 78 wide-ranging corporate governance recommendations. The recommendations in the Breeden report are a specific...
The Failure Of Good Intentions: The Worldcom Fraud And The Collapse Of American Telecommunications After Deregulation
This paper analyzes WorldCom's fraud, bankruptcy, and the decision of its Triennial Review of mandatory unbundling. To date, policymakers and scholars have failed to recognize how those topics are interrelated. The United States has spent seven years trying to deregulate telecommunications. It also discusses administrative cost of deregulation, which has...
Employment Implications Of Sarbanes-Oxley After Enron, Global Crossing And Worldcom
From the executive summary: ‘The Sarbanes-Oxley Act establishes federal whistleblower protection for employees of covered companies. The legislation creates a web of complementary provisions designed to protect and encourage whistleblowers and to prevent retaliation against them. The statute requires public companies to adopt a code of business ethics and to...
Transformation - the New Type of Change?
Worldcom's false profit figures, "Enrongate" and now AOL's dubious accounting. Major corporate scandals such as these have served to reinforce the unpredictable nature of modern management. But as organizations resign themselves to the inevitability of yet more re-structures, re-budgeting and re-alignment in these lean times, the article take a...
Will WorldCom Rise Again?
In order to make the acquisitions pay off, WorldCom needed to integrate their operations in order to drive value growth through scale. But experts at Wharton and elsewhere explain that WorldCom failed to meld its acquisitions into a coherent, value-producing whole. When it did force through such integration, it botched...
Hanging Up on the WorldCom-Sprint Merger
The article talks about the Sprint and WorldCom organizations when they entered in the merger market. WorldCom, by some accounts, walks away from the failed merger a stronger company having won over some of Sprint's big-ticket multinational customers. Sprint, in order to sustain its value as a takeover target, must...
Understanding WorldCom's Accounting Fraud: Did Groupthink Play a Role?
WorldCom, Inc. perpetrated the largest accounting fraud in U.S. history. WorldCom, now called MCI, emerged from bankruptcy protection on April 20, 2004 after being fined $750 million. In total, WorldCom reported accounting irregularities of $11 billion. While employees and investors look for individual culpability, much of WorldCom's organizational structure and...
Additional Resources
Rodale Garners Two National Magazine Awards, Industry's Highest Honor
-- RunnersWorld.com Wins For General Excellence Online -- -- Bicycling.com's GPS Tool Is Awarded Best Interactive Feature -- NEW YORK -- Rodale Inc. announced today that RunnersWorld.com and Bicycling.com each received a National Magazine Award NMA, the magazine industry's highest editorial honor, from the American Society...
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WorldCom Inc. Company Info
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Wired Telecommunications Carriers: 517110
