Monday, August 29, 2005

Verizon rejects MCI governance condition

It's nice when you are so arrogant (and have bought so many politicians and regulators) that you can demand that "Verizon, the US telecoms giant, has set as a closing condition of its $8.5bn takeover of MCI that it will not be subject to a sweeping set of corporate governance principles that were adopted by MCI - the former WorldCom - following its massive accounting scandal and emergence from bankruptcy."

No comments: