WorldCom
RSS WorldComThe Future of Financial Reporting: A Market Perspective
White Paper Following on the heels of corporate scandals at Enron, WorldCom, Parmalat, Livedoor, and others internationally, investors around the world are demanding stricter corporate governance and compliance requirements for... [02 Sep 2009]
Introducing XBRL for Financial Reporting & Beyond
White Paper This includes the financial scandals around Enron, WorldCom and Parmalat, the need for greater transparency in stock exchanges, risk and liquidity reporting for banks, and standard business reporting. [30 Aug 2009]
Portfolio of New and Remanufactured Hardware Ensures Customers Meet Performance, Capacity, Budget Goals
White Paper Worldcom Exchange, Inc. For one thing, WEI maintains a 20,000 square foot warehouse which houses an extensive inventory of servers and storage hardware. When prospective customers visit WEI, its technical services staff... [30 Jul 2009]
Peter Cochrane's Blog: Tech to the rescue
Comment The dot-com bust, 9/11 and the Enron/WorldCom scandals led to a trimming back, a clearing of the not-so-good and a refinement of existing businesses, followed by a raft of new and exciting technologies and business... [29 Oct 2008]
Peter Cochrane's Blog: How tech can solve the banking crisis
Comment In my short investment career we have had the dot-com bust; the Enron and WorldCom scandals; and now the banking sector collapse. Written on the Eurostar between Paris and London, and dispatched to silicon.com via a 3G... [20 Oct 2008]
Are rogue traders an inevitable evil?
Comment The act attempted to prevent a rerun of financial scandals such as Enron and WorldCom by imposing thorough checks and balances across business and IT functions simultaneously. Experts say investment banking fraud can... [15 Apr 2008]
Top five takeovers that shook the tech world
News Worldcom and MCI, $37bn, 1998: Telecoms giant Worldcom bought MCI, the long distance operator, in 1998 for around $37bn. In the process, Worldcom had to pay BT almost $7bn to buy out the... [04 Feb 2008]
Sarbanes-Oxley and IFRS
White Paper The high-profile corporate scandals of several U.S.based companies, most notably Enron and WorldCom, led Congress to act to restore public confidence in U.S.financial markets. The result was the Sarbanes-Oxley Act of... [08 Jan 2008]
Leader: Unjust extradition laws must be amended
Leader High-profile sentences include 25 years for former WorldCom boss Bernie Ebbersm, 24 years for former Enron CEO Jeffrey Skilling and 12 years for Sanjay Kumar, the former CEO of software company CA, for his part in a... [22 Nov 2006]
Former CA boss given 12 years in jail
News It's unlikely to be much consolation but Kumar's sentence is also half of that handed to Bernie Ebbers, the former WorldCom boss, and also Jeffrey Skilling, the disgraced Enron CEO, who received 25 years and 24 years... [03 Nov 2006]
Ex-WorldCom boss to pay out $45m
News Bernie Ebbers, the former WorldCom CEO who was found guilty in an $11bn accountancy scandal, is set to lose $45m of his own money. The profits will be split between MCI, the name of the company which used to be MCI... [01 Jul 2005]
Former CEO acquitted in first SOX prosecution
News US legislators passed the law to stop business leaders committing accountancy fraud in the wake of the Enron and WorldCom scandals. Richard Scrushy, the first man to ever be tried under the Sarbanes-Oxley business... [29 Jun 2005]
Bosses: You could go to jail and your staff wouldn't care
News However in light of former WorldCom chief Bernard Ebbers' recent fraud conviction, Outhwaite believes the issue of compliance is as much about HR and top level buy-in as it is about IT. Company directors are increasingly... [24 Mar 2005]
Leader: Fall guy Ebbers
Leader His wife cried in court but few others will be sad to see ex-WorldCom CEO Bernie Ebbers go to prison. It's rather that we now know his and WorldCom's rise was built on false foundations. We knew someone... [16 Mar 2005]
Are fraudsters hiding in your SOX?
News The complex and copious amounts of data being stored on corporate networks post-Sarbanes-Oxley may actually be creating greater opportunities for fraud - even though the law was a reaction to the huge corporate frauds which rocked Enron... [07 Mar 2005]
