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| This page contains all of the posts and discussion on MemeStreams referencing the following web page: Tracking the Trouble Caused by WorldCom's Bernie Ebbers. You can find discussions on MemeStreams as you surf the web, even if you aren't a MemeStreams member, using the Threads Bookmarklet. |
| Tracking the Trouble Caused by WorldCom's Bernie Ebbers by Jeremy at 6:08 pm EST, Mar 18, 2002 | |||
"Seems like every day lately, Washington investors find a new reason to wish they'd never heard of Bernie Ebbers. Bernard J. Ebbers, chairman of WorldCom Inc., has managed to turn two of the most innovative technology companies in Washington history into two of the worst investments in the region." ... While part of the reason that WorldCom and MCI stocks are down is that the telecommunications industry is in the tank, at least as much of the blame belongs to Ebbers. ... The article goes on to explain why Ebbers' idea to set up tracking stocks for various parts of the company was a terrible idea. Note that this is exactly what Michael Armstrong did at AT&T, which ultimately forced them to sell the BroadBand division. | |||
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