That allowed the company to spread the cost over a number of years, instead of having to account for it all at once. She joined the BBC having been a business presenter on a number of international channels. Unlike Enron, it has a huge real-world business with thousands of customers being supplied with genuine services.
But what did they actually do? But the weight of its huge debts, run up as it bought up rivals right, left and centre, are just as real. Why it matters US telecoms giant WorldCom shocked the business world when it admitted that it had massively overstated its profits for the 15 months from the beginning of And then there are the auditors.
WorldCom is blaming its chief financial officer, Scott Sullivan. Investors are obviously next in line. Most observers seem to agree that, with confidence at rock-bottom, any real recovery is going to be a long time coming. And the two used the same auditor, Andersen.
Jamie is married with four children and lives in Suffolk. But the scale of the overstatement is of a different magnitude. She previously worked at Bloomberg, where she created and presented their evening programme, Bloomberg Money.
Wednesday, 26 June, In the same statement that revealed the fiddle, 17, WorldCom workers discovered they were getting the push, starting as soon as Friday. And prior to that was the New York presenter for the programme. Who is going to end up paying for all this?
It claims Mr Sullivan hid the figures. She is an award-winning financial journalist and television presenter who has been covering financial news for the past seven years.Report an account for impersonation How can we help?
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