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MCI Inc., the Glossary

MCI, Inc. (formerly WorldCom and MCI WorldCom) was a telecommunications company.^[1]

91 relations: AOL, Arthur Andersen, Arthur Gonzalez, Ashburn, Virginia, Associated Press, AT&T, Bankruptcy, Bernard Ebbers, Bernie Madoff, Board of directors, Bond (finance), Broadway Books, Business Wire, Capital expenditure, CBS News, Chapter 11, Title 11, United States Code, Chief executive officer, Citigroup, Clinton, Mississippi, CNET, CNN, Coffeehouse, Comptroller, CompuServe, Consent decree, Conspiracy of Fools, Corporate governance, Cynthia Cooper (accountant), Digex, Dot-com bubble, Enron, Enron scandal, European Union, Expense, Federal Bureau of Investigation, Federal Bureau of Prisons, Federal Correctional Institution, Oakdale, Fort Worth Weekly, Fox News, Fraud, Grand Central Publishing, H&R Block, Hattiesburg, Mississippi, Hoboken, New Jersey, Internal audit, Internet access, Jackson, Mississippi, Jed S. Rakoff, John W. Sidgmore, Kurt Eichenwald, ... Expand index (41 more) »
1983 establishments in Mississippi
Companies formerly traded over-the-counter in the United States
Companies that filed for Chapter 11 bankruptcy in 2002
Defunct companies based in Mississippi
Defunct companies based in Virginia
MCI Communications
Scandals in the United States
Silver Lake (investment firm)
Telecommunications companies disestablished in 2006
Telecommunications companies established in 1983

AOL

AOL (stylized as Aol., formerly a company known as AOL Inc. and originally known as America Online) is an American web portal and online service provider based in New York City, and a brand marketed by Yahoo! Inc. The service traces its history to an online service known as PlayNET. MCI Inc. and AOL are telecommunications companies established in 1983.

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Arthur Andersen

Arthur Andersen LLP was an American accounting firm based in Chicago that provided auditing, tax advising, consulting and other professional services to large corporations. MCI Inc. and Arthur Andersen are accounting scandals and corporate crime.

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Arthur Gonzalez

Arthur J. Gonzalez is a senior fellow at New York University School of Law and member of the PROMESA oversight board in charge of resolving the Puerto Rican government-debt crisis.

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Ashburn, Virginia

Ashburn is a rapidly growing census-designated place (CDP) in Loudoun County, Virginia, United States.

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Associated Press

The Associated Press (AP) is an American not-for-profit news agency headquartered in New York City.

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AT&T

AT&T Inc. is an American multinational telecommunications holding company headquartered at Whitacre Tower in Downtown Dallas, Texas. MCI Inc. and AT&T are telecommunications companies established in 1983.

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Bankruptcy

Bankruptcy is a legal process through which people or other entities who cannot repay debts to creditors may seek relief from some or all of their debts.

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Bernard Ebbers

Bernard John Ebbers (August 27, 1941 – February 2, 2020) was a Canadian businessman and the co-founder and CEO of WorldCom.

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Bernie Madoff

Bernard Lawrence Madoff (April 29, 1938April 14, 2021) was an American financial criminal and financier who was the admitted mastermind of the largest known Ponzi scheme in history, worth an estimated $65 billion.

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Board of directors

A board of directors is an executive committee that supervises the activities of a business, a nonprofit organization, or a government agency.

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Bond (finance)

In finance, a bond is a type of security under which the issuer (debtor) owes the holder (creditor) a debt, and is obliged – depending on the terms – to provide cash flow to the creditor (e.g. repay the principal (i.e. amount borrowed) of the bond at the maturity date as well as interest (called the coupon) over a specified amount of time).

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Broadway Books

Broadway Books, an imprint of the Crown Publishing Group, a Division of Random House, Inc., released its first list in Fall, 1996.

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Business Wire

Business Wire is an American company that disseminates full-text press releases from thousands of companies and organizations worldwide to news media, financial markets, disclosure systems, investors, information web sites, databases, bloggers, social networks and other audiences. MCI Inc. and Business Wire are 2006 mergers and acquisitions.

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Capital expenditure

Capital expenditure or capital expense (abbreviated capex, CAPEX, or CapEx) is the money an organization or corporate entity spends to buy, maintain, or improve its fixed assets, such as buildings, vehicles, equipment, or land.

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CBS News

CBS News is the news division of the American television and radio broadcaster CBS.

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Chapter 11, Title 11, United States Code

Chapter 11 of the United States Bankruptcy Code (Title 11 of the United States Code) permits reorganization under the bankruptcy laws of the United States.

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Chief executive officer

A chief executive officer (CEO) (chief executive (CE), or managing director (MD) in the UK) is the highest officer charged with the management of an organization especially a company or nonprofit institution.

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Citigroup

Citigroup Inc. or Citi (stylized as citi) is an American multinational investment bank and financial services company in New York City.

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Clinton, Mississippi

Clinton is a city in Hinds County, Mississippi, United States.

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CNET

CNET (short for "Computer Network") is an American media website that publishes reviews, news, articles, blogs, podcasts, and videos on technology and consumer electronics globally.

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CNN

Cable News Network (CNN) is a multinational news channel and website operating from Midtown Atlanta, Georgia, U.S. Founded in 1980 by American media proprietor Ted Turner and Reese Schonfeld as a 24-hour cable news channel, and presently owned by the Manhattan-based media conglomerate Warner Bros. Discovery (WBD), CNN was the first television channel to provide 24-hour news coverage and the first all-news television channel in the United States.

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Coffeehouse

A coffeehouse, coffee shop, or café is an establishment that serves various types of coffee, espresso, latte, americano and cappuccino.

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Comptroller

A comptroller (pronounced either the same as controller or as) is a management-level position responsible for supervising the quality of accounting and financial reporting of an organization.

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CompuServe

CompuServe (CompuServe Information Service, also known by its initialism CIS or later CSi) was an American online service, the first major commercial one in the world.

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Consent decree

A consent decree is an agreement or settlement that resolves a dispute between two parties without admission of guilt (in a criminal case) or liability (in a civil case).

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Conspiracy of Fools

Conspiracy of Fools is a 2005 book by Kurt Eichenwald detailing the Enron scandal.

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Corporate governance

Corporate governance are mechanisms, processes and relations by which corporations are controlled and operated ("governed").

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Cynthia Cooper (accountant)

Cynthia Cooper is an American accountant who formerly served as the Vice President of Internal Audit at WorldCom. MCI Inc. and Cynthia Cooper (accountant) are accounting scandals.

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Digex

Digex, Inc. was one of the first Internet service providers in the United States. MCI Inc. and Digex are Defunct telecommunications companies of the United States and dot-com bubble.

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Dot-com bubble

The dot-com bubble (or dot-com boom) was a stock market bubble that ballooned during the late-1990s and peaked on Friday, March 10, 2000.

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Enron

Enron Corporation was an American energy, commodities, and services company based in Houston, Texas. MCI Inc. and Enron are dot-com bubble and scandals in the United States.

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Enron scandal

The Enron scandal was an accounting scandal involving Enron Corporation, an American energy company based in Houston, Texas. MCI Inc. and Enron scandal are accounting scandals and corporate crime.

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European Union

The European Union (EU) is a supranational political and economic union of member states that are located primarily in Europe.

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Expense

An expense is an item requiring an outflow of money, or any form of fortune in general, to another person or group as payment for an item, service, or other category of costs.

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Federal Bureau of Investigation

The Federal Bureau of Investigation (FBI) is the domestic intelligence and security service of the United States and its principal federal law enforcement agency.

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Federal Bureau of Prisons

The Federal Bureau of Prisons (BOP) is responsible for all Federal prisons and provide for the care, custody, and control of federal prisoners.

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Federal Correctional Institution, Oakdale

The Federal Correctional Institution, Oakdale (FCI Oakdale) is a low-security United States federal prison for male inmates in Louisiana.

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Fort Worth Weekly

Fort Worth Weekly is an alternative weekly newspaper that serves the Greater Fort Worth area (all of Tarrant County and some of Denton County).

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Fox News

The Fox News Channel (FNC), commonly known as Fox News, is an American multinational conservative news and political commentary television channel and website based in New York City.

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Fraud

In law, fraud is intentional deception to secure unfair or unlawful gain, or to deprive a victim of a legal right. MCI Inc. and fraud are corporate crime.

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Grand Central Publishing

Grand Central Publishing is a book publishing imprint of Hachette Book Group, originally established in 1970 as Warner Books when Kinney National Company acquired the Paperback Library.

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H&R Block

H&R Block, Inc., or H&R Block, is an American tax preparation company operating in Canada, the United States, and Australia.

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Hattiesburg, Mississippi

Hattiesburg is the 5th most populous city in the U.S. state of Mississippi, located primarily in Forrest County (where it is the county seat and most populous city) and extending west into Lamar County.

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Hoboken, New Jersey

Hoboken (Unami: Hupokàn) is a city in Hudson County in the U.S. state of New Jersey.

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Internal audit

Internal auditing is an independent, objective assurance and consulting activity designed to add value and improve an organization's operations.

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Internet access

Internet access is a facility or service that provides connectivity for a computer, a computer network, or other network device to the Internet, and for individuals or organizations to access or use applications such as email and the World Wide Web.

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Jackson, Mississippi

Jackson is the capital of and the most populous city in the U.S. state of Mississippi.

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Jed S. Rakoff

Jed Saul Rakoff (born August 1, 1943) is a senior United States district judge of the United States District Court for the Southern District of New York.

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John W. Sidgmore

John W. Sidgmore (April 9, 1951 – December 11, 2003) was a corporate executive.

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Kurt Eichenwald

Kurt Alexander Eichenwald (born June 28, 1961) is an American journalist and a New York Times bestselling author of five books, one of which, The Informant (2000), was made into a motion picture in 2009.

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Lehman Brothers

Lehman Brothers Inc. was an American global financial services firm founded in 1850.

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List of corporate collapses and scandals

A corporate collapse typically involves the insolvency or bankruptcy of a major business enterprise. MCI Inc. and List of corporate collapses and scandals are corporate crime.

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Los Angeles Times

The Los Angeles Times is a regional American daily newspaper that began publishing in Los Angeles, California in 1881.

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Madoff investment scandal

The Madoff investment scandal was a major case of stock and securities fraud discovered in late 2008. MCI Inc. and Madoff investment scandal are corporate crime.

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Margin (finance)

In finance, margin is the collateral that a holder of a financial instrument has to deposit with a counterparty (most often their broker or an exchange) to cover some or all of the credit risk the holder poses for the counterparty.

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MCI Communications

MCI Communications Corporation (originally Microwave Communications, Inc.) was a telecommunications company headquartered in Washington, D.C. that was at one point the second-largest long-distance provider in the United States. MCI Inc. and MCI Communications are Defunct telecommunications companies of the United States and Verizon.

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Mergers and acquisitions

Mergers and acquisitions (M&A) are business transactions in which the ownership of companies, business organizations, or their operating units are transferred to or consolidated with another company or business organization.

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Michael Capellas

Michael David Capellas (born August 19, 1954) is an American executive in the computer and telecommunication industries.

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Microsoft

Microsoft Corporation is an American multinational corporation and technology company headquartered in Redmond, Washington.

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MSN Messenger

MSN Messenger (also known colloquially simply as MSN), later rebranded as Windows Live Messenger, was a cross-platform instant-messaging client developed by Microsoft.

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Multisourcing

Multisourcing is the concept of working with multiple suppliers who are also competitors.

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NBC News

NBC News is the news division of the American broadcast television network NBC.

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Oakdale, Louisiana

Oakdale is a city in Allen Parish in south Louisiana, United States.

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Promissory note

A promissory note, sometimes referred to as a note payable, is a legal instrument (more particularly, a financing instrument and a debt instrument), in which one party (the maker or issuer) promises in writing to pay a determinate sum of money to the other (the payee), either at a fixed or determinable future time or on demand of the payee, under specific terms and conditions.

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Public company

A public company is a company whose ownership is organized via shares of stock which are intended to be freely traded on a stock exchange or in over-the-counter markets.

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Reuters

Reuters is a news agency owned by Thomson Reuters.

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Richard C. Breeden

Richard C. Breeden (born December 6, 1949) is a former chairman of the U.S. Securities and Exchange Commission, hedge fund manager, and corporate chairman.

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Scott D. Sullivan

Scott D. Sullivan is the former chief financial officer, secretary, treasurer, and a board member of WorldCom, who was convicted as part of WorldCom's $3.8 billion accounting fraud, at the time the largest scandal of its kind in U.S. history.

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Seattle Post-Intelligencer

The Seattle Post-Intelligencer (popularly known as the Seattle P-I, the Post-Intelligencer, or simply the P-I) is an online newspaper and former print newspaper based in Seattle, Washington, United States.

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Sprint Corporation

Sprint Corporation was an American telecommunications company. MCI Inc. and Sprint Corporation are Defunct telecommunications companies of the United States.

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Stock

Stocks (also capital stock, or sometimes interchangeably, shares) consist of all the shares by which ownership of a corporation or company is divided.

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Telecommunications

Telecommunication, often used in its plural form or abbreviated as telecom, is the transmission of information with an immediacy comparable to face-to-face communication.

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The New York Times

The New York Times (NYT) is an American daily newspaper based in New York City.

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The Wall Street Journal

The Wall Street Journal (WSJ), also referred to simply as the Journal, is an American newspaper based in New York City, with a focus on business and finance.

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Time (magazine)

Time (stylized in all caps as TIME) is an American news magazine based in New York City.

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U.S. Securities and Exchange Commission

The U.S. Securities and Exchange Commission (SEC) is an independent agency of the United States federal government, created in the aftermath of the Wall Street Crash of 1929. MCI Inc. and U.S. Securities and Exchange Commission are corporate crime.

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United States

The United States of America (USA or U.S.A.), commonly known as the United States (US or U.S.) or America, is a country primarily located in North America.

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United States Department of Defense

The United States Department of Defense (DoD, USDOD, or DOD) is an executive branch department of the federal government of the United States charged with coordinating and supervising all agencies and functions of the U.S. government directly related to national security and the United States Armed Forces.

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United States Department of Justice

The United States Department of Justice (DOJ), also known as the Justice Department, is a federal executive department of the United States government tasked with the enforcement of federal law and administration of justice in the United States.

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United States District Court for the Southern District of Mississippi

The United States District Court for the Southern District of Mississippi (in case citations, S.D. Miss.) is a federal court in the Fifth Circuit with facilities in Gulfport, Hattiesburg, Natchez, and Jackson.

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USA Today

USA Today (often stylized in all caps) is an American daily middle-market newspaper and news broadcasting company.

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UUNET

UUNET, founded in 1987, was one of the first and largest commercial Internet service providers and one of the early Tier 1 networks. MCI Inc. and UUNET are MCI Communications.

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Verizon

Verizon Communications Inc., is an American telecommunications company headquartered in New York City. MCI Inc. and Verizon are telecommunications companies established in 1983.

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Verizon Business

Verizon Business (formerly known as Verizon Enterprise Solutions) is a division of Verizon Communications based in Basking Ridge, New Jersey, that provides services and products for Verizon's business and government clients. MCI Inc. and Verizon Business are Verizon.

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Vivien v. WorldCom

Vivien v. WorldCom, Inc., No. MCI Inc. and Vivien v. WorldCom are MCI Communications.

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Voice over IP

Voice over Internet Protocol (VoIP), also called IP telephony, is a method and group of technologies for voice calls for the delivery of voice communication sessions over Internet Protocol (IP) networks, such as the Internet.

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Washington Mutual

Washington Mutual, Inc. (often abbreviated to WaMu) was an American savings bank holding company based in Seattle.

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Wiley (publisher)

John Wiley & Sons, Inc., commonly known as Wiley, is an American multinational publishing company that focuses on academic publishing and instructional materials.

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Wireless

Wireless communication (or just wireless, when the context allows) is the transfer of information (telecommunication) between two or more points without the use of an electrical conductor, optical fiber or other continuous guided medium for the transfer.

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WorldCom scandal

The WorldCom scandal was a major accounting scandal that came into light in the summer of 2002 at WorldCom, the USA's second-largest long-distance telephone company at the time. MCI Inc. and WorldCom scandal are accounting scandals and corporate crime.

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1-800-COLLECT

1-800-COLLECT (1-800-265-5328) is a 1-800 number, owned and operated by WiMacTel, which provides fixed rate collect calling in the United States. MCI Inc. and 1-800-COLLECT are MCI Communications.

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References

[1] https://en.wikipedia.org/wiki/MCI_Inc.

Also known as LDDS, LDDS Inc, LDDS Inc., LDDS, Inc., Long Distance Discount Services, MCI Inc, MCI WorldCom, MCI bankruptcy, MCI, Inc., MCI/WorldCom, WCOEQ, WCOME, World Com, WorldCom, WorldCom MCI, WorldCom fraud, Worldcom, Inc..

, Lehman Brothers, List of corporate collapses and scandals, Los Angeles Times, Madoff investment scandal, Margin (finance), MCI Communications, Mergers and acquisitions, Michael Capellas, Microsoft, MSN Messenger, Multisourcing, NBC News, Oakdale, Louisiana, Promissory note, Public company, Reuters, Richard C. Breeden, Scott D. Sullivan, Seattle Post-Intelligencer, Sprint Corporation, Stock, Telecommunications, The New York Times, The Wall Street Journal, Time (magazine), U.S. Securities and Exchange Commission, United States, United States Department of Defense, United States Department of Justice, United States District Court for the Southern District of Mississippi, USA Today, UUNET, Verizon, Verizon Business, Vivien v. WorldCom, Voice over IP, Washington Mutual, Wiley (publisher), Wireless, WorldCom scandal, 1-800-COLLECT.

MCI Inc., the Glossary

Table of Contents

See also

1983 establishments in Mississippi

Companies formerly traded over-the-counter in the United States

Companies that filed for Chapter 11 bankruptcy in 2002

Defunct companies based in Mississippi

Defunct companies based in Virginia

MCI Communications

Scandals in the United States

Silver Lake (investment firm)

Telecommunications companies disestablished in 2006

Telecommunications companies established in 1983

References