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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."

6 of 454 comments (clear)

  1. Support your local telemarketers! =^_^= by dacarr · · Score: 5, Funny
    People, don't you know that by hanging up on all those MCI telemarketers, you contributed to the ultimate downfall of Worldcom?! How could you! They couldn't make their service any worse than it was because you didn't succumb to telesales!

    It's time to upport your local telesales representatives! They're underworked and overpaid! Make them think for their bread and butter!

    --
    This sig no verb.
  2. Re:Bush really dropped the ball by Fjord · · Score: 4, Funny

    Conjugal visits? Not that I know of. No, minimum security prison is no picnic. I have a client in there right now. He says the trick is, kick someone's ass the first day, or become someone's bitch. Then everything will be alright

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    -no broken link
  3. YES! Four for four! by rjh · · Score: 5, Funny

    After graduating college I went to work at MCI, which was soon bought out by WorldCom. WorldCom is now in Chapter 11.

    After leaving WorldCom I went to work for McLeodUSA, which soon declared Chapter 11.

    After leaving McLeodUSA I went to work for Yomu, which declared Chapter 7.

    After leaving Yomu, I went to work for PGP Security, which doesn't even exist anymore.

    Score: four for four.

    Y'know, most people would be proud of batting 1.000. So why do I feel vaguely embarassed, foolish and ashamed? :)

  4. Re:It was the fraud, not the clueless business pla by G-funk · · Score: 4, Funny

    So after Bush gets into the Whitehouse by promising to run the country like a business we suddenly discover how many of the businesses are being run.

    I thought bush got into the whitehouse by counting votes the way many of the businesses are being run?

    --
    Send lawyers, guns, and money!
  5. Re:YES! Four for four! by BJH · · Score: 5, Funny

    Please, go get a job at Microsoft.

  6. Re:YES! Four for four! by nizo · · Score: 4, Funny

    Where do you work now, and are they publically traded so I can short their stock?

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    I Am My Own Worst Enemy