Close

Search

Search Menu
Photonics Media Photonics Buyers' Guide Photonics EDU Photonics Spectra BioPhotonics EuroPhotonics Industrial Photonics Photonics Showcase Photonics ProdSpec Photonics Handbook
More News
SPECIAL ANNOUNCEMENT
2016 Photonics Buyers' Guide Clearance! – Use Coupon Code FC16 to save 60%!
share
Email Facebook Twitter Google+ LinkedIn Comments

WorldCom Chief Executive Resigns

Photonics.com
May 2002
CHICAGO, May 1 -- Bernard Ebbers, WorldCom Inc.'s CEO, has resigned in the wake of investigations into $366 million in personal loans he received from the company.
Ebbers is succeeded by Vice Chairman John Sidgmore, who promised to draw up a new growth plan, cut the company's debt, and better communicate its message to employees, investors, Wall Street and the media.
"If we can refocus the company's strategy, make a few changes on the financial side, particularly ... over some period of time lowering our debt, we can then be free to search for a strategic growth plan that makes sense for everybody," he said at a press conference.


Comments
Terms & Conditions Privacy Policy About Us Contact Us
back to top

Facebook Twitter Instagram LinkedIn YouTube RSS
©2016 Photonics Media
x We deliver – right to your inbox. Subscribe FREE to our newsletters.