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siskiyou 2 hours ago

I worked for Advanced Network and Services, which operated the NSFNET and was later acquired by America Online. Then one day the company was acquired by WorldCom. A few years later the CEO was sentenced to 25 years in prison for a ~$10 billion fraud. As a systems administrator I knew nothing about any of that, but I could tell that the new management included a lot of players and empire builders. That's the signal that told me to quit a few months after the acquisition. Employees were invited to invest their retirement savings in a mutual fund that contained only WorldCom stock. Many of them lost everything. Pay attention to those signals.

sokoloff an hour ago | parent [-]

I feel like Worldcom got a modest amount of press coverage at the time but probably would have gotten a lot more if it hadn’t been front-run by the Enron scandal.

adastra22 40 minutes ago | parent [-]

Why are these always one letter off from what they actually are? Worldcom-> World-con. Madoff -> Made-off