Word: mci
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...obviously has that. The Manhattan-based biweekly issued its first roster of corporate clunkers this week, based on such factors as stock performance, earnings and management errors. BankAmerica was criticized for bringing back Chief Executive A.W. Clausen, who had been accused of mismanaging the troubled bank before he retired. MCI Communications was named for taking on too much debt. Others mentioned: Wang Laboratories and Bally Manufacturing...
Since the breakup, telephone users have enjoyed a cut in long-distance rates of about 20%, or $4 billion, thanks mainly to deep rate reductions by AT&T that tiny rivals like MCI and US Sprint find difficult to match. But rates for local service, which remains a monopoly business, have jumped nearly 35%, or $6 billion. Overall, a typical telephone bill has increased about 25%. The increases in local rates appear likely to slow down, but unfortunately so do the long-distance discounts. AT&T so dominates the market, with an 82% share, that its competitors may lack...
Authorities have rounded up hundreds of phone hustlers around the country in recent months. In New York alone, last year 190 people were arrested for participating in the hot line scam. Three local telephone companies and 20 long-distance carriers, including AT&T, US Sprint and MCI, joined forces to form a group called the Communications Fraud Control Association, which now includes a number of other phone companies. The association's mission: to help crack down on the growing practice by urging tougher laws and stricter law enforcement...
...principal bidders has formed an alliance with other big firms that can bring to the project expertise in large computer networks and other skills. AT&T has linked up with Boeing, which already operates a high-tech voice-and-data network for the National Aeronautics and Space Administration. MCI is working with Martin Marietta, the aerospace giant, and Northern Telecom, Canada's largest telephone-equipment manufacturer. U.S. Sprint has enlisted Electronic Data Systems, the data-processing subsidiary of General Motors...
Bobbie Cooper, a communications manager for MCI, the long-distance phone company, had just returned from her Thanksgiving holiday when she was called into her boss's office. "We are eliminating your position," Cooper was told. At first the message did not quite register. "So where am I going?" she asked. The explanation that followed was painfully clear: she was being fired. Recalls Cooper: "It hit me like a ton of bricks. I was in a state of shock." Cooper, 44, had worked for IBM and one of its subsidiaries for 24 years. She was transferred to MCI when...