WorldCom is another big telecoms group, but its problems dwarfed those at Global Crossing.
ECONOMIST: A guide to corporate scandals | The
One group of creditors claims that the then WorldCom avoided hundreds of millions of dollars in state taxes by using a special tax shelter.
ECONOMIST: Ebbers’ tangled legacy | The
WorldCom, by contrast, is a thoroughly modern telecoms group, focused particularly on carrying data for businesses.
ECONOMIST: WorldCom tucks in��again
Back when WorldCom and Enron were blowing up, I had shared a business advisory group to the Commerce and Energy committee.
FORBES: Steve Forbes Interview: Ken Kamen, Author and Financial Advisor
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