Quotes About WorldCom

By incentivizing Wall Street players to sniff out inefficient or corrupt companies and bet against them, short-selling acts as a sort of policing system; legal short-sellers have been instrumental in helping expose firms like Enron and WorldCom.

In my world, people are always plotting. You have no idea of all the crimes people in business commit every day. Like it was nothing. Or there's a set of special rules for them. Remember when Bush made that whole speech about 'corporate ethics' last year? What a fraud. You think stuff like Enron or WorldCom is an aberration? It's only the tip. Business is a religion. Probably the only one practiced all over the world.

I think that the failures of Enron and WorldCom and other companies are partially failures of investors to recognize companies that are selling for a thousand times nothing, but chances are they may be worth only that.

cash from financing activities" on the statement of cash flows in the annual report. They can make a sick company appear to be growing even if its underlying businesses are not generating enough cash—as Global Crossing and WorldCom showed not long ago.

The subculture of felons is in great vogue among adolescents. Enron, WorldCom, Tyco, and so forth allow us Republicans to say to America's young people, 'We be thugs.' The GOP may capture the youth vote at last.

Well, WorldCom's growth exploded in the Clinton years, there's no question, there's no disputing that.