The week in review: WorldCom's apology. CEO John Sidgmore goes to Washington to apologize and to pledge that financial irregularities are in the company's past. Also: Intel readies its upcoming Itanium 2 built for two speeds. [CNET News.com]
I've been reading about WorldCom all week long... shocking how quickly it all came down. And there's the usual story about how the company "discovered issues during an internal audit", when what actually happened was that an internal auditor found these problems long ago but encountered resistance when she raised the issue within the finance hierarchy.
9:15:20 PM
|