MCI's Capellas: "We're Not A Phone Company" (BusinessWeek Online via Yahoo! News
These have been dog days at MCI Inc. Beaten down by an $;11 billion accounting scandal, bankruptcy, and a brutal price war, the long-distance giant is expected to lose $;3.8 billion in 2004. Its disgraced former chief executive, Bernard J. Ebbers, just went on trial for accounting misdeeds. And after 18,000 job cuts in three years, the cavernous halls of its Ashburn (Va.) headquarters echo.
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