American Machinist

Good for the goose and the gander? (Editorial).

On the road to meeting Wall Street expectations, Corporate America got lost. The glare of profitability blurred the road signs and, consequently, management values and priorities took a wrong turn. Take, for example, the Pentagon's decision to hire MCI, a.k.a. WorldCom Inc., to build a small, wireless-phone network in Iraq. The contract is part of a short-term communications plan costing about $45 million, according to a Pentagon spokesperson.

It must not bother government officials that this is the same company that disclosed an $11 billion accounting fraud and plunged into bankruptcy last year. Now known for perpetrating the biggest fraud in American business, WorldCom's management also caused thousands of workers to lose their jobs as well as their retirement funds. …

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