
The Rise and Fall of the Ebbers Empire
WorldCom, one-time poster-boy telecom firm for the New Economy, lies in ruins. Its 19-year saga mirrors that of the once-vibrant long-distance industry. Its imminent demise, while hastened by scandal, was inevitable. The seedlings of WorldCom were planted on January 8, 1982 when Charles Brown, last chairman of legendary Ma Bell, capitulated to antitrust chief William Baxter. Facing imminent defeat in Read More ›