WorldCom

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WorldCom

A telecommunications company that was at one time the second largest long distance provider in the United States. It had a large role in the expansion of Internet use in the 1990s. It is known for its notorious bankruptcy in 2002 following massive accounting fraud that resulted in several executives receiving jail sentences and investors losing billions of dollars. WorldCom is often associated with the Enron scandal because they occurred at about the same time and because both WorldCom and Enron used the accounting firm Arthur Andersen. It is now called MCI and is a subsidiary of Verizon.
References in periodicals archive ?
Less than two years after leaving LDDS, Cooper was asked to come back and head its internal audit department.
The high dose dexamethasone suppression (HDDS) test is similar to LDDS, but a high dose of dexamethasone is used.
The revelation of possible misconduct made no impression on Wall Street investors, as weeks later LDDS went ahead with a sweet deal for WilTel, the gemlike long-distance unit of the Williams Companies.
based LDDS Metromedia focuses its efforts on the small-business market.
Fred Gerster, new sales account executive at CIMCO Communications joined the company with over seven years of experience in sales as an account executive and manager at AT&T, LCI/Qwest Communications and at LDDS WorldCom, where he began his career in sales after graduating from Western Michigan University in Kalamazoo, Michigan in 1995 with a B.
From 1990 through 1994, Baumhart served as Vice President of LDDS WorldCom, and managed the highest revenue-producing region in the Company, where he was responsible for over $140 million in annual revenue.
Mansour was also co-founder of National Telecommunications of Texas, a company he sold in 1991 to LDDS WorldCom Inc.
Dunnaway were two of the original investors and founders of LDDS, now MCI WorldCom (Nasdaq:WCOM).
Han held various positions within the Telecommunications industry including investing in and establishing international start-ups, this included building strategic alliances with LDDS WorldCom and Sprint.
Finch has held multiple senior positions at companies such as MCI WorldCom, LDDS Communications, and AT&T Bell Laboratories.