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<blockquote style="position: relative; padding-left: 55px;"><section><a href="https://mastodon.cloud/users/richh/statuses/112368051791634635">richh@mastodon.cloud's status on Thursday, 02-May-2024 09:20:31 JST</a><a href="https://mastodon.cloud/@richh" title="richh@mastodon.cloud"><img src="https://gnusocial.jp/avatar/101669-48-20240502002030.webp" width="48" height="48" alt="richh" style="position: absolute; left: 0; top: 0;">richh</a><div><ul><li></ul></div></section><article><p><a href="https://hachyderm.io/@thomasfuchs">@thomasfuchs</a> That article also links to the WorldCom bankruptcy in which “several executives … were convicted of a scheme to inflate the company's assets”. I can’t think of any contemporary cases like that in NYC right now 🤔 <a href="https://en.wikipedia.org/wiki/MCI_Inc" rel="nofollow noreferrer">https://en.wikipedia.org/wiki/MCI_Inc</a>.</p></article><footer><a rel="bookmark" href="https://gnusocial.jp/conversation/3025079#notice-6005242">In conversation</a><time datetime="2024-05-02T09:20:31+09:00" title="Thursday, 02-May-2024 09:20:31 JST">Thursday, 02-May-2024 09:20:31 JST</time> <span>from <span><a href="https://mastodon.cloud/@richh/112368051791634635" rel="external" title="Sent from mastodon.cloud via ActivityPub">mastodon.cloud</a></span></span><a href="https://mastodon.cloud/@richh/112368051791634635">permalink</a><h4>Attachments</h4><ol><li><article><header><div>Domain not in remote thumbnail source whitelist: upload.wikimedia.org</div><h5><a href="https://en.wikipedia.org/wiki/MCI_Inc">MCI Inc.</a></h5><div></div></header><div>MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&amp;T. WorldCom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business.
WorldCom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI.History
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In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named...</div><footer></footer></article></li></ol></footer></blockquote>

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richh@mastodon.cloud's status on Thursday, 02-May-2024 09:20:31 JSTrichh
- Thomas 🔭🕹️
@thomasfuchs That article also links to the WorldCom bankruptcy in which “several executives … were convicted of a scheme to inflate the company's assets”. I can’t think of any contemporary cases like that in NYC right now 🤔 https://en.wikipedia.org/wiki/MCI_Inc.
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  MCI Inc.
  MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company. For a time, it was the second-largest long-distance telephone company in the United States, after AT&T. WorldCom grew largely by acquiring other telecommunications companies, including MCI Communications in 1998, and filed for bankruptcy in 2002 after an accounting scandal, in which several executives, including CEO Bernard Ebbers, were convicted of a scheme to inflate the company's assets. In January 2006, the company, by then renamed MCI, was acquired by Verizon Communications and was later integrated into Verizon Business. WorldCom was originally headquartered in Clinton, Mississippi before relocating to Ashburn, Virginia when it changed its name to MCI. History Foundation In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named...

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