Word: bankrupting
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Dates: during 2000-2009
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TIME: But if you guys go bankrupt, does that mean, what if I pick up the phone...
TIME: But I read that in three weeks WorldCom is going to say if it's going bankrupt...
...Well, even if WorldCom goes bankrupt, they're still in business. You know, Enron is still in business. K Mart is still in business. So going bankrupt for a business is not a big deal. And besides, we are a unit within WorldCom, so nothing's going to happen with us. We are their cash cow. They're not going to do anything to harm their cash cow, O.K.? So let's get your name as it appears on your telephone bill... --By David Robinson
...scandals, whistleblowing is enjoying a renaissance in the U.S. Both Cynthia Cooper, the internal auditor who sounded the alarm over WorldCom's $3.8 billion in bookkeeping shenanigans, and Sherron Watkins, who first voiced concerns about Enron's accounting tricks, have won acclaim as right-thinking individuals struggling against morally bankrupt business cultures...
...shorter stays raise questions about how effectively ceos can launch long-term plans for their companies' growth and development. But at least if they get lonely at the top, they probably won't be there for long. THE BOURSE More German Troubles Rescue talks to save Germany's bankrupt Babcock Borsig broke down. The 111-year-old engineering firm may now be broken...