Investment advice

Found on Slashdot: If you had bought $1000.00 worth of Nortel stock one year ago, it would now be worth $49.00. With Enron, you would have $16.50 of the original $1,000.00. With Worldcom, you would have less than $5.00 left. If you had bought $1,000.00 worth of Budweiser (the beer, not the stock) one year ago, drank all the beer, then turned in the cans for the 10 cent deposit, you would have $214.

WorldCom

Wow, they arrested WorldCom’s executives. I guess $4m doesn’t buy you much protection these days. If only they’d thought to make Dick Cheney a board member.

Corporate scandal checklist

Enron Global Crossing WorldCom Xerox Qwest Who’s next? Google predicts Winstar and Broadwing. Contributions to Republicans: Worldcom: $4 million Enron: $4 million Andersen: $2.6 million Qwest: $210,000 Let’s see who gets led away in handcuffs. Today’s conspiracy theory: There are dozens more, but the government is making sure they only emerge one every couple of weeks, so as not to cause a 1929-style market panic and crash.

Corporate scandal

Well, we didn’t have to wait long to find out who was going to be next after Enron and Worldcom. Congratulations to Disney and Xerox…

Enron was just the beginning

Worldcom have fired their CFO. Turns out they’ve been engaging in massive fraud. Hmm… Enron, Global Crossing, Worldcom… Who’s next?