#worldcom

In my world, people are always plotting. You have no idea of all the crimes people in business commit every day. Like it was nothing. Or there’s a set of special rules for them. Remember when Bush made that whole speech about ‘corporate ethics’ last year? What a fraud. You think stuff like Enron or WorldCom is an aberration? It’s only the tip. Business is a religion. Probably the only one practiced all over the world. ↗

— Andrew Vachss

#business #corporate-greed #crime #enron #worldcom

Well, WorldCom's growth exploded in the Clinton years, there's no question, there's no disputing that. ↗

— Don Nickles

#disputing #exploded #growth #question #well

I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that. ↗

— Arthur Levitt

#companies #enron #failures #i #i think

But if you look at WorldCom, which is the biggest failure to date, they grew dramatically, they were buying companies that were bigger than they were and they were doing it off inflated stock. ↗

— Don Nickles

#biggest #buying #companies #date #doing