Unfortunatly when things go South...
Unfortunatly Worldcom (and many other companies) have put themselves into a death spiral where cuts MUST be made in the name of survival even if they SHOULDN'T be made in the longer term perspective...
I know a lot of competent people who work for Worldcom who will likely be employed by someone else in the near future. Its a sad day when your company starts giving good people their walking papers: Odds are even if the company survives the cuts, those people will never come back. And the competition will be all the stronger for it.
I'm starting to think Ebbers is right up there with Al Dunlap on my all-time Corporate executives to hate list.
Jail Time is needed to send a clear message.
Scott
P.S. Where has the SEC been the last 10 years?