WorldCom has plenty of problems, and well-publicized ones. But does it really deserve to be exiled from the Standard & Poor's 500? So far this year, WorldCom is down 91%. S&P takes pride in not leaving companies in the index until they file for bankruptcy. S&P acknowledged that it was possible it had erred in taking out WorldCom when it was still a $4B company. "We'll know the answer in six months to a year. If then it is still around and is selling for $5 a share, we will have made a mistake." The author argues that S&P acted too early in deciding to oust WorldCom from the index. Did Standard & Poor's Make a Mistake? | 
