How to pronounce“worldcom”in English

and Worldcom and everything behind us and here we are six years later and uh

there was the WorldCom, and Enron accounting scandals, there was 9/11.

When the CEOs of WorldCom or Adelphia or Tyco or Enron all stood up and declared their innocence right until the end, nobody talked

recently to to Worldcom to inran to the backdating scandals Etc and you said Gee these boards must have been sleep at the switch and they were and in many cases

devices will be deployed in Worldcom uh can in B Canada in British

When Tyco and Enron and WorldCom and Adelphia happened, everybody started thinking about, how do we change the rules?

Enron, WorldCom, The list goes on.

Enron, WorldCom, Lehman Brothers- we know where that went.

the stakes are so much higher you know Enron Worldcom you know they were playing with billions of shareholder wealth now it's costing us trillions of

And thus you had The prosecution of Enron WorldCom.

And then you had Enron, when Enron and WorldCom folded.

We can't predict terrorist attacks like 9/11 or debacles like the WorldCom accounting disaster,

let's go back to the dot com so 2001 global crossing worldcom all these are going bankrupt five percent of the fiber optic cable

Bernie Evers the head, the CEO of WorldCom went to prison for 25 years, the CEO of Enron went to prison the CEO of Tyco went to prison.

You know, in that post Enron and WorldCom world we got Sarbanes-Oxley.

As an example, WorldCom, Cynthia Cooper the whistleblower, went forward knowing that

We don't have lists of most stable companies-- Enron, WorldCom, Tyco, Lehman Brothers, big companies--

We thought we put Enron and WorldCom and everything behind us and here we are 6 years later and uh

Skilling at ENRON and Mr. Ebbers the CEO of Worldcom and Michael Milken and the junk bond scandal, and

Enron, WorldCom, Tyco, Martha Stewart, they all went to prison but not Richard Scrushy.

The board at WorldCom was referred to as Bernie's Boys, Bernie Ebbers was

question I know you all had experience uh with Boards of directors having gone through uh the Enron Worldcom and Tao and all that what is the real role for

so sustainable governance you're also you're all very familiar with uh you know all those scandals that happen and run Worldcom and all those companies

The Enrons, the Bernie Madoffs, the WorldComs, the AIG, the Wall Street banks, and that's how business is

When they go on to heroin, accounting-wise, that's when everything breaks up, like Enron, WorldCom, you know, these big accounting scandals.

And if I looked back to the financial crisis of '08, '09, or go all the way back to the Enron WorldCom

Got to know him at Worldcom.

You know, Enron, WorldCom, you know, they were playing with billions of shareholder wealth.

intimate with that stock and we have and we have a very hard time pairing it back and selling it so you think about employees at Enron or Worldcom

And this is my generation, the fact, when I left Medtronic it was about the time that we had the dot com decline, but we also had Enron and WorldCom.

Enron, WorldCom, Tyco,

You might think my whole speech today is bashing of Richard Scrushy which you have got to realize that when you have an Enron or WorldCom or HealthSouth, the

You recall we had Enron, we had Health South, we had WorldCom, we had Quest, any number of very large frauds perpetrated by

party I met this remarkable guy named Bill mwan since deceased Bill mwan founded a company called MCI now this was before MCI was bought by Worldcom

So, breakdowns come when massive cultural changes occur, or when there are no systems in place cuz com, companies have started, like WorldCom, from a motel in Hattiesburg