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WorldCom to File for Chapter 11 Protection

Posted by ryuzaki0 on from the whither-uunet dept.

Mantour writes: "To everyone's big suprise ;), Worldcom is going for Chapter 11. 'The Chapter 11 filing by WorldCom would follow once high-flying companies like energy trader Enron Corp. and Global Crossing Ltd., which crumbled into bankruptcy amid a crush of accounting investigations by federal regulators.' You can get more info in this Yahoo story" Update: 07/22 12:21 GMT by T : mnordstr points out a CNN report calling this "the largest bankruptcy ever."

1 of 454 comments (clear)

  1. Re:So, Here's the Question by Pig+Hogger · · Score: 2, Flamebait
    I am a Worldcom employee, and here's my question, that I cannot seem to find an answer to anywhere. What does this mean to employees? I find lots about investors, bankers, and bond-holders, but very little about employees.
    It means that you're the weakest link. Bye-bye!!!