Lessons from the Crash of WorldCom

Dimitris N. Chorafas

Chapter 8 in Rating Management’s Effectiveness, 2004, pp 170-197 from Palgrave Macmillan

Abstract: Abstract Bernard J. Ebbers spent almost two decades building WorldCom into one of the biggest global long-distance companies and internet channels. The market applauded as he was able to snowball Long Distance Discount Service (LDDS), a small telecommunications venture, into a company competing head on against AT&T and Sprint.

Keywords: Audit Committee; Capital Expenditure; Chief Financial Officer; Guilty Plea; Electronic Data System (search for similar items in EconPapers)
Date: 2004
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Persistent link: https://EconPapers.repec.org/RePEc:pal:palchp:978-0-230-00590-7_8

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DOI: 10.1057/9780230005907_8

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