Professional Documents
Culture Documents
World Com
World Com
World Com
` Long Distance Discount Services (LDDS) began in 1983.
` Purchased 65 firms
Ú Acquired MCI (more than twice it·s size)³Changed its name to MCI
WorldCom
Ú Ñ Failed merger with Sprint (would have been the largest merger in
history)
Ú Financial system
Ú Inadequate audits
` Ebbers was sentenced 25 years imprisonment.