Word: worldcom
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Dates: during 2000-2009
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...COOKING THE BOOKS Enron's Ken Lay, who last week agreed to hand over records to the SEC, and Jeffrey Skilling are poster boys for business-accounting scandals, but they have not been charged. (Other Enron executives have been.) HealthSouth's Richard Scrushy was accused of inflating earnings, while WorldCom's Bernard Ebbers faces securities-fraud charges in Oklahoma. Both men have pleaded not guilty...
...potential. In the so-called war for talent, A-list players were showered with cash, stock options and perks. And in the boom years of the late 1990s, they could do no wrong. Yet it was mostly the A players who failed spectacularly at firms such as Enron and WorldCom and countless dotcom wonders...
...volume increase of just 9.2%. Brokerage consultant Patrick Young says it's about time: "It shouldn't have taken so long to figure out you don't get qualified investor leads by advertising on Yahoo's astrology page." Maybe there's hope for Furby yet. - By STEVE ZWICK New WorldCom Order A U.S. court-appointed monitor announced an overhaul of bankrupt telecom giant WorldCom's corporate governance, as Oklahoma filed criminal charges against the company - now known as MCI - and six former executives, for giving false information to investors...
...well for long. I was appalled at the controversial, risky stocks that began popping up in the stock portion of my account. (Do Tyco and WorldCom ring a bell?) I opted out of this part of the portfolio and requested more input into the selection of my fixed-income investments. Then the unthinkable happened. I was dropped! I was told that our relationship wasn't "philosophically consistent." Actually, I think I asked too many questions--like, What is this extra $50,000 doing in my account? In any event, it was a humbling experience. As a friend...
...general counsel Ray McKenna said he did not know if the White House had called anyone at the agency about the MCI (formerly known as WorldCom) matter. But agency officials only referred the matter to its division that handles suspension decisions in early June, after lawmakers, particularly Republican Sen. Susan Collins of Maine, stepped up pressure on GSA to do something. McKenna said employees in that division are walled off from outside pressure. The decision Thursday to suspend MCI relied on earlier reports from individuals hired by the company to do internal inquiries, as well as KPMG, MCI?s outside...