Worldcom Scandal
Corporate Governance
WorldCom Scam
Introduction
MCI WorldCom was one of the largest telecommunications companies in the world. Bernie Ebbers founded WorldCom in 1983, after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers bought around 50 other small long-distance firms, he set his sight on MCI. Thus MCI WorldCom would have become the second biggest telecom service provider in 1997.
MCI WorldCom was formed on September-15-1998. WorldCom merged with the $37 billion MCI Communications Corporations, the company's operations were organized around three divisions: * MCI WorldCom * U.S. telecommunications * WorldCom International
The MCI WorldCom division is the second largest long distance company in the United States (after AT&T). It has fibre optic network of 45,000-mile long, which provides local phone service in more than 100 markets and offers services such as data, Internet, and other communications services.
UUNET WorldCom has a highly trusted & reliable backbone network which provides local access to the Internet to a reach of more than 1,000 locations in and around the United States, Canada, Europe, and the Asia-Pacific region.
WorldCom International is not only a local but also facilities-based competitor in 15 countries outside the United States, connecting to the company's overall global network to more than 5,000 buildings in Australia, Ireland, Germany, Hong Kong, Italy, Japan, Mexico Belgium, Brazil, France, The Netherlands, Singapore, Switzerland, Sweden, and the United Kingdom.
Company – Timeline:
Corporate founding
1983: Businessmen Murray Waldron and William Rector devise a plan to create a discount long distance provider called LDDS (Long-Distance Discount Service).
1985: Early investor Bernard Ebbers becomes the first chief executive officer of LDDS.
1989: LDDS becomes public through its first acquisition of Advantage Companies Inc.
1992:
WorldCom Scam
Introduction
MCI WorldCom was one of the largest telecommunications companies in the world. Bernie Ebbers founded WorldCom in 1983, after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers bought around 50 other small long-distance firms, he set his sight on MCI. Thus MCI WorldCom would have become the second biggest telecom service provider in 1997.
MCI WorldCom was formed on September-15-1998. WorldCom merged with the $37 billion MCI Communications Corporations, the company's operations were organized around three divisions: * MCI WorldCom * U.S. telecommunications * WorldCom International
The MCI WorldCom division is the second largest long distance company in the United States (after AT&T). It has fibre optic network of 45,000-mile long, which provides local phone service in more than 100 markets and offers services such as data, Internet, and other communications services.
UUNET WorldCom has a highly trusted & reliable backbone network which provides local access to the Internet to a reach of more than 1,000 locations in and around the United States, Canada, Europe, and the Asia-Pacific region.
WorldCom International is not only a local but also facilities-based competitor in 15 countries outside the United States, connecting to the company's overall global network to more than 5,000 buildings in Australia, Ireland, Germany, Hong Kong, Italy, Japan, Mexico Belgium, Brazil, France, The Netherlands, Singapore, Switzerland, Sweden, and the United Kingdom.
Company – Timeline:
Corporate founding
1983: Businessmen Murray Waldron and William Rector devise a plan to create a discount long distance provider called LDDS (Long-Distance Discount Service).
1985: Early investor Bernard Ebbers becomes the first chief executive officer of LDDS.
1989: LDDS becomes public through its first acquisition of Advantage Companies Inc.
1992: