Telecom cowboys couldn't buck the boom-bust cycle
Before the telecom cowboys, the phone was just something you picked up to make a deal.
But once the cowboys decided the phone itself was the deal, the rush to riches was on. In hindsight, the telecom crash that followed seemed inevitable.
Now the entire telecommunications industry is wondering where the next land mine will explode.
The founders of WorldCom, Global Crossing and Qwest Communications International had zero telecom experience when they started their companies. They'd been in sales, finance and other businesses that paid handsomely and quickly. [Seattle Times]
Great article that give you some insight into the backgrounds of how some really screwed up companies got started. Well worth the time to read.
The sad part is that Qwest/USWest was a train wreck waiting to happen for years. It just took a little puch to send it over the edge...mj
10:53:18 AM 
|
