| How do you think this will affect Sprint? others? I feel sorry for all the Worldcom employees. I hope you find some work ASAP!!! =(
I work for Sprint which less than two years ago was trying to merge with Worldcom. Back then, Bill Esrey (CEO of Sprint) was making lots of noise about the merger saying that it was going to be the best thing to happen to our company since the 1986 Fiber Optic network was laid out. I'm now wondering if Mr. Esrey knew anything about the conspiracy over at Worldcom?
I do know that his pocketbook was about to be filled quite generously from his premium stock buyout! The day after the Worldcom story broke loose, he wrote a mass email to the employees saying that our accounting practices are ethical and in full compliance and that we have absolutely no SEC investigations. He also went on to say that anything less than legitimate is unacceptable and that all accounting practices within Sprint are failsafe, segregated, and have unique compliance checkpoints to uncover fraud. He also went on to say that they are audited by an outside firm to check for total compliance.
It made me feel more confident about the ethics of Sprint, but I'm wondering if this Worldcom disaster is going to cause a ripple effect in the Telecom sector again. I also noticed that faith in our stock is slipping again as I think the current price for FON is 9.XX and PCS is 4.xx.....gone are the glory days of the 150.00 milestone. **sigh** |
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| The Shakeout/Shakedown Isn't Over By Any Means It's only the continuation of changes in the industry. Bank on more to come, unfortunately. |
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 FLea973Premium
join:2001-02-27
Morristown, NJ | reply to Celicaguy2
Re: How do you think this will affect Sprint? others? said by Celicaguy2:
He also went on to say that they are audited by an outside firm to check for total compliance.
Don't forget, Enron, Worldcom and Adelphia were/are also "audited by an outside firm" - and only two of them used Andersen.... |
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