US: Worldcom can again bid for government contracts

Date: 9 Jan 2004

Telecoms giant Worldcom has been removed from the list of companies excluded from bidding for work from the US federal government following improvements to its accounting standards and "business ethics weaknesses".

The company was removed from the list last year following the major $11bn accounting scandal that put its name second only to Enron on the blacklist of corporate wrongdoing.

MCI chairman and CEO, Michael Capellas, welcomed the move saying that the company had taken "extensive steps" to boost its overall integrity, including a corporate ethics programme complete with a new Chief Ethics Officer and company-wide training.

Bookmark with:

 Del.icio.us |  Digg |  reddit |  Facebook |  StumbleUpon

Comments

You must be logged in to add comments