Spinning off the rails

Readers of Joseph Heller's bestseller Catch 22 may remember the disappointment of US air force men when they reached for their parachutes and found instead worthless 'shares' in Milo Mindbender Enterprises. Investors in WorldCom's MCI tracking stock had a similar experience recently. MCITE was issued at over $18 a share and a year later bottom-feeders were picking it up at 18 cents. That was not quite what WorldCom CEO Bernie Ebbers promised when he launched the tracking stock. 'The new structure