Word: worldcom
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Dates: during 2000-2009
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...self-directed, independent thinkers," he writes, "people who could assess a situation and work in teams." If this reads like Management Secrets of Flight 93, in a way it is; Longman is explaining these heroes using the terms by which the world measured them. (And nearly a year and WorldCom later, it is heartening to see business skills treated as noble...
...does not. What's happening will probably hurt the WorldCom stockholders, but it's not going to hurt...
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
Thanks to the Enron and WorldCom corporate accounting 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...