The IR team at the once mighty carrier gives a lesson in damage control
Looking back at WorldCom's rapid transformation from one of the world's most powerful telecoms outfits into an insolvent agglomeration of acquisitions whose stock price has declined to virtually nothing, spare a thought for the company's investor relations officers. They were the ones who had to pick up the pieces after the desertion of the company's founder, CEO and chief debtor, Bernie Ebbers, of Scott Sullivan, the group's ex-CFO and ultimately its executioner, and of Sullivan's partner
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