by maddy | December 3, 2009 · 3:36 am
WorldCom: from Benchmark to Bankruptcy
Verizon Communications acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation, which had been in business since the 19th Century. The acquisition of MCI/WorldCom was the direct result of the behavior of WorldCom's senior managers as documented above. While it can be argued that the demise of AT&T Corp. was not wholly attributable to WorldCom's behavior, AT&T Corp.'s decimation certainly was facilitated by the events surrounding WorldCom, since WorldCom was the benchmark long distance telephone and Internet communications service provider. Indeed, the ripple effect of WorldCom's demise goes far beyond one company and several senior managers. It had a profound effect on an entire industry. Read more...
Register to mark your comments
VN:F [1.9.13_1145]
Rating: 4.5/10 (2 votes cast)
VN:F [1.9.13_1145]
WorldCom: from Benchmark to Bankruptcy, 4.5 out of 10 based on 2 ratings
Filed under Business, Corporate Governance, Crisis Management, Enterprise Risk Management
Tagged as 19th Century, 7g, acquisition, amp, bankruptcy, Benchmark, benkruptcy, Business Acquisition, Communications Service, Decimation, Demise, enron, Internet Communications, Long Distance Telephone, Mci Communications, Mci Worldcom, Profound Effect, Ripple Effect, Sbc, Sbc Communications, scandal, Senior Managers, Service Provider, T Corp, Telecom Industry, Verizon, Verizon Communications, worldcom, Www Youtube
