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.
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In a recent article, the BBC's economics editor Robert Peston highlighted the fact that in 2012 the chances are that the economy - punch drunk as it is from the various flavours of debt crisis it has been pummelled with over the course of the year - will be hit by the collapse of a major bank and / or government.
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