Where does this rank among the big corporate scandals? What exactly is going on? On CBS Marketwatch, the headline for the WorldCom story is in letters whose size suggests a news event of the magnitude of global thermonuclear war.
Well maybe it’s not quite that catastrophic, but surely there must be something fishy up when they’re talking about almost $4 billion in fraud.
Disclosure: I am not long or short, nor have I ever held a position in WorldCom.
Well, after a major boom, when followed by a bust, these sorts of scandals fall out all over the place. So as for how big it is? Hard to say without a historical perspective, ask again in a year.
Oh, and WorldCon has had its share of scandals as well, but nothing corporate. 
You might want to ask and have the title changed.
Actually, I can’t take credit for the “WorldCon” play on words, as I borrowed that little gem directly from the Marketwatch headline.
The Godfather, Don Vito Corleone used to say “A lawyer with his briefcase can steal more than 100 men with guns”
I guess that should be updated to “A CEO with his briefcase can steal more than a MILLION men with guns.”
The Godfather, Don Vito Corleone used to say “A lawyer with his briefcase can steal more than 100 men with guns”
I guess that should be updated to “A CEO with his briefcase can steal more than a MILLION men with guns.”
I really expected this thread to be about SF conventions.
Yeah, I thought maybe they had lost his membership or something.
[hijack]So is anyone besides me going to be in San Jose this year?[/hijack] 
Not me. I couldn’t get the days off at work. (An employee with more seniority got it. Damn! Damn damn damn!) I was pissed about that, so I took Christmas week off instead.
That sucks Yosemitebabe, I only had to worry if someone with more seniority wanted the whole week. Since an entire week takes precedence over 1 or 2 days, I usaully get the time. 
Lok
I predict that WorldCom will rival Enron in terms of lives ruined and monies lost, although it lacks the political intrigue.
I also predict that no one will pay much attention because everyone is too busy being uber-patriotic again about this stupid pledge thing.