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What are your opinions on the MCI / Worldcomm deal?

below is an artile from boycottMCI :

WorldCom is now known as MCI. This PR maneuver is a pathetic attempt by the Company to distance itself from itself. It is consumers who should be distancing themselves from MCI/WorldCom. MCI can change its name, but not the facts—there still exists a culture of corruption.

As a result of this renaming, boycottworldcom.com is now also known as boycottMCI.com.
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Boycott. Probably the most dreaded word in the corporate vocabulary. MCI/WorldCom. Undeniably the perpetrator of the most horrendous and damaging fraud ever committed in corporate history.

Is it enough that MCI:

Committed accounting fraud approaching $10 billion?
Caused the loss of $3 billion in pension funds?
Caused investor losses exceeding $176 billion?
Caused the loss of investor confidence in the free market system?
Caused the lay-offs of tens of thousands of hard-working innocent employees?
Caused the misery of hundreds of thousands of families struggling to make ends meet?
boycottMCI.com believes it is more than enough.

However, President Bush's Administration doesn't quite see it that way. The Bush administration, by both its actions and non-actions, has demonstrated that MCI is not only undeserving of prosecution, but to the contrary, will be rewarded for its fraudulent activities.

The Bush Administration has:

Failed to indict and prosecute MCI for committing corporate fraud.
Permitted the Federal Communications Commission to continue MCI's license to operate.
Renewed MCI's contract for services with the General Services Administration to the tune of $1, 000,000,000 of taxpayer money.
Likely approved the Security and Exchange Commission to settle its charges against MCI with delayed, little, or no fines at all.
boycottMCI.com is committed to holding MCI accountable for its fraud and corruption. In his preliminary findings report, Special Investigator Richard Thornburgh described MCI as a culture of corruption not limited to the misdeeds of a few individuals. Information detailed on this website support this finding. Numerous letters we have received detailing additional corruption support this finding.

If the Federal Government, charged with protecting business and individual consumers, fails to take appropriate action against MCI, then business and individual consumers can and must take action on their own. Ultimately, the consumer possesses the power to hold MCI accountable.

donn1955

I think in the future some one will write that Worldcom destroyed the telecom industry, inflating the books, underpricing the market, setting unrealistic expectaions and other crap! And yes I owned some stock and got wrapped up in the hype.... I was sucked in just like many, many others....

Donn

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