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MCI Inc.
| Headquarters location: 500 Clinton Center Dr Clinton, MS 39056 |  | Tel. 601-460-5600 Job offers, investor relations: www.worldcom.com Stock:  |
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| Labor: 1 violation(s) of fundamental labor rights |
| Job: 34% of company's jobs cut since 1998 |
| Delinquency: 12 act(s) of financial or trade delinquency |
| Tax haven, secret bank account, shell companies: operates in 14 offshore financial center(s) |
| Sales: more than 68 billion(s) dollars/euros in annual sales |
| Net profit: more than 19 billion(s) dollars/euros in cumulated net profit since 1998 |
| Top management: earns 563 times the median income in the United States (32000 US$/year) |
| Influence: 17 act(s) of direct corruption or lobbying |
| Advertising & marketing: 4 dubious practice(s) |
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World locations & Manufacturing |
year name | photo position; compensation source |
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year | dubious practice : image source |
| 2002 | Disinformation: PR campaign with APCO PR: public relations: A | PR Watch  |
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year | employees <> | social impact : country source |
| 2004 | 69100 | |  |
| 2004 | -500 | Closure/Bankruptcy:  | |
| 2000 | 59000 | |  |
| 1998 | 77000 | |  |
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year | purpose : intermediary/lobby : institution source |
| 2001 | Access to foreign market (through MAI, WTO, GATS), prevent binding environmental regulations : USCIB (US Council For International Business) : : US Government translate | USCIB  |
| 2000 | Investment protection and market access (to Mexico and Canada through NAFTA), to Latin America (through FTAA). : Business Roundtable : : US government, senate, congress translate | Center for.  |
| 2000 | Prevent binding regulation, co- or self-regulation instead. : American Chamber of Commerce's EU Committee : : European Commission translate | Corporate .  |
| 1999 | Market access and investment protection (through WTO, GATS), avoid social and environmental rules : ICC (International Chamber of Commerce) : : WTO, GATS translate | Corporate .  |
| 1999 | Removal of barriers to trade and foreign direct investment, taxation (VAT : GBDe : : WTO translate | GBDe  |
| 1998 | Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 194 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1998 | Regulation favorable to company's interests : Contribution to Candidate's Political Action Committee : amount: 377 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 3268 thousand US$ : US President, Congress, Senate translate | Center for.  |
| 1997 | Legislation favorable to company's interests : Direct donation : amount: 703 thousand US$ : US President, Congress, Senate translate | Center for.  |
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year | financial misdemeanor | sales | income | | | source |
| 2005 |
10 anciens administrateurs de WorldCom ont payé 54 millions de dollars à des investisseurs réunis dans une action collective (« class action ») pour mettre fin aux poursuites. 18 millions devaient être acquittés sur leurs propres denier, le solde devait être financé au titre des polices dites « D&O » (« Director's and Officer's Liability Insurance ») couvrant les dommages commis par les dirigeants dans le cadre de leurs fonctions. |
| | | |   | | Les Echos  |
| 2005 |
Bernard Ebbers, l'ancien PDG de WorldCom, a été jugé coupable de fraude, conspiration et communication de faux documents aux autorités, par un jury fédéral: le gonflement des chiffres d'affaires déclarés en 2001 et 2002 s'élève à 11 milliards dollars. Bernard Ebbers a été condamné à vingt-cinq ans d'emprisonnement. |
| | | |   | | Les Echos  |
| 2004 |
Depuis 1999, Worldcom a surfacturé des communications à l'administration américaine chargée des marchés publics fédéraux (GAO): amende de 27 millions de dollars. |
| | | |   | | AFP  |
| 2004 |
Restates 2001 and 2002 earnings by 74,4 US$ billions |
| | | |   | | Reuters  |
| 2003 |
Accounting fraud: $1.5bn civil penalty, because of its bankrupt status MCI will pay $500 million settlement. |
| | | |   | | C.Net  |
| 2003 |
Federal charges: Scott Sullivan, Worldcom CFO, obtained bank loans by deception, also been charged with conspiracy, securities fraud and false statements to the SEC. |
| | | |   | | BBC News  |
| 2002 |
MCI aurait déguisé des appels longue distance en communications locales pour éviter de payer des droits d'accès aux opérateurs concurrents. |
| | | |   | | La Croix  |
| 2002 |
"cookie jar accounting": inflating provisions for expected expenses and later reversing them to boost earnings, hid $3.85 billion in expenses since 2001. |
| | | |   | | Bloomberg  |
| 2002 |
Restates about $9 billion in revenue. |
| | | |   | | Internet N.  |
| 2002 |
3,3 milliards de dollars de nouvelles erreurs comptables. |
| | | |   | | Reuters  |
| 2002 |
Le PDG, Bernard Ebbers, s'est accordé à lui même un prêt de plus de 360 millions de dollars. |
| | | |   | | France Int.  |
| 2001 |
| 35.18 | 1.5 | |   | billion US$ |  |
| 2000 |
| 22.76 | 2.6 | |   | billion US$ |  |
| 1999 |
| 37.12 | 4.01 | |   | billion US$ |  |
| 1998 |
| 17.68 | -2.67 | |   | billion US$ |  |
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