Chapter 1037 The arm cannot twist the thigh

If the name is not right, then the words cannot be justified. If the original sin on WorldCom cannot be cleansed, then no matter what brand name WorldCom changes, the outside world will look at Sidgmore and the others through tinted glasses.

No matter how he feels about Bernard Ebbs, Sidgmore must cut ties with Ebbs and throw all the blame and dirty water on Ebbs. This has nothing to do with morality or anything else, it is purely a primitive survival instinct!

But none of the people present took these words to heart. They came today just to swallow a piece of Shitong's flesh. They didn't really help Shitong reorganize. Shitong was really resurrected. Everyone present

, I guess I can’t sit still anymore.

"WorldCom has experienced some misfortunes, but those who stayed at WorldCom want to change everything. We established the WorldCom Special Board Committee just to reorganize WorldCom and let the world see the new WorldCom..."

At the time when Ebbes was playing, Sidgmore's impassioned speech would probably have aroused the excitement of a group of believers, and the stock price would rise steadily.

But who are all the people present today? Who has never cut a few leeks? How could they be fooled by a person with a technical background like Sitchmore?

Needless to say, America Telecom has always been a representative company of "new technology" in the telecommunications industry. Don't be too lazy with various concepts and gimmicks. I think back then, there were only a few users, and its valuation was raised to more than 10 billion US dollars.

, even the Telephone and Telegraph Group, Enron, General Electric, Microsoft, Deutsche Bank, and Goldman Sachs have all cut their leeks. Other Silicon Valley venture capital, overseas consortiums, and various foundations have invested too much in American Telecom.

At that time, many institutions wanted to invest in America Telecom, but they did not have the qualifications...

Philip Anschutz, who sits opposite Eger, is also a good player. Before the Nasdaq collapsed and the Internet bubble burst, this guy joined forces with America Western Telecom. The two companies were engaged in merger speculation and merged Quest Telecom's

The stock price has reached epic heights. During that merger, Philip Anschutz cashed out nearly two billion U.S. dollars. Although compared with a certain richest man who came from the Internet, he is still a little less courageous, but he can also play

It's quite slippery.

How could this group of people sitting in the conference room be fooled by Sidgmore. He also wanted to fool all the telecom giants present and send money to WorldCom to complete the restructuring. It was completely overthinking.

Sure enough, as soon as Sitchmore said something, a voice appeared, "President Sitchmore, I think that if WorldCom wants to complete its restructuring, it must repay all debtors' arrears before it can get back on the road with ease. America Telecom is willing to help.

WorldCom is out of trouble!”

James Crow said to Sidgmore with a smile on his face, he is here today just to act as a pawn to tear his predecessor apart!

Seeing Crowe's "kind-hearted" face, Sichmo choked. However, Crowe's words were like detonating a dynamite barrel, followed closely by Philip Anschutz of Quest Telecom, and

Telecom giants such as Telephone and Telegraph Group, Southwestern Bell, SBC Telecom, and Sprint have also expressed their willingness to "generously donate money." However, the expressions on the faces of the representatives of their respective giant companies are almost like "eating the world."

The words "tong" are written on his face.

The various telecommunications companies that came here today basically all have their own agendas, or they all want to take advantage of this opportunity to take advantage and get rid of some troubles.

After the Internet crash, the telecommunications industry, which relied on the new telecommunications bill of the new president and the rise of the Internet wave, also fell into a trough, and was even on the verge of explosion.

Just like Quest, when the telecommunications industry was booming, Quest Telecom's executives could cut leeks unscrupulously and concoct high incomes in various ways. After Quest Telecom went public, Philip Anschutz will increase his annual income.

15% of revenue, net profit will also increase by 20, this is not just one year, but every year!

This boast was even louder than that of WorldCom back then. America Telecom only dared to boast various concepts, but did not dare to say that it made more money. It was just an empty-handed Quest Telecom. It dared to boast so loudly, but it was so bizarre.

In those few years, people actually believed Quest Telecom’s lies!

Not only the leeks, but even Wall Street institutions "believe" it. Maybe everyone knows that it is the emperor's new clothes, but so what, facing the soaring share price of Quest Telecom, who doesn't want to get a share of it?

Who can withstand the ever-increasing numbers in their stock accounts every day? Even if they know it is a thunderstorm, no one is willing to wake up before it explodes.

Quest Telecom has boasted a lot in the past few years. In order to boast, it has also made a lot of financial moves. It is definitely not as bold as WorldCom, but now that the tide has receded, Quest Telecom is also embarrassed.

Fell into the sand.

In order to get Quest Telecom out of trouble, Philip Anschutz came here this time to acquire WorldCom's properties and revive the ghost story of Quest Telecom. He also wanted to cut off another two billion

Beautiful leeks!

Faced with a group of opponents with their own ulterior motives, Sitchmore also wanted to leave the last face and wealth for WorldCom. "WorldCom is willing to accept investment from other telecommunications companies. WorldCom still has 20 million local users and more than 100,000 customers.

Five million overseas users, as long as the reorganization is successful, WorldCom will still be..."

What Sitchmore means is that he is willing to let hungry wolves such as America Telecom, Verizon, Southwestern Bell, and Telephone and Telegraph Group invest in WorldCom, obtain the equity of WorldCom, and join the board of directors of WorldCom. This is a bit humiliating, but

A helpless method to prevent WorldCom from being split up.

But before Sidgmore said this, he was interrupted by James Crowe. He came today just to cause trouble. How could he see WorldCom overcome the difficulties?

"President Sitch Moore, we all see WorldCom's current troubles. If we want to complete the restructuring plan, we must repay the debt. America Telecom is willing to acquire MCI for US$5 billion and assume the responsibility for WorldCom's thirteenth

Billions of dollars in debt!”

James Crow was clearly telling Sidgmore that he wanted to let companies like America Telecom take advantage of him and send money to WorldCom in order to help WorldCom tide over the difficulties.

The dividends you might get from WorldCom are basically a pipe dream!

Sitchmore's face turned red with anger from Crowe. The US$5 billion acquisition of MCI Telecom, a subsidiary of WorldCom, was no longer called an acquisition. It was an open grab on the street in front of the whole world.

At that time, WorldCom spent US$40 billion to acquire MCI. Even if it shrinks, MCI is still the second largest telecommunications company after Telephone and Telegraph Group. Long-distance telecommunications and international calls have always been the most stable in the telecommunications industry.

The most profitable business, especially now that the telephone market in the telecommunications industry is declining.

The core of WorldCom's reorganization is MCI Telecom. It is expected that after the reorganization is completed, the WorldCom brand will be abandoned and the MCI brand will be re-used. America Telecom is so good, as soon as it comes up, it will be a direct grab!

"Telephone and Telegraph Group is willing to acquire MFS Telecom!"

"Southwestern Bell is willing to acquire Telecom!"

"Verizon is asking to acquire the former High Speed ​​Communications company owned by WorldCom!"

"Sprint wants to reach an agreement with WorldCom to revive Telecom and IDB Telecom!"

For a time, the conference room became a vegetable market, and WorldCom became the dish. Various telecommunications companies called for the brand of WorldCom. Ebbes bought so many telecommunications companies in the past, and basically did not digest it.

, just happened to be split up by American Telecom and other companies today without any trouble. After decades of hard work, Ebbes ended up working as a courier. I wonder what he would think when he saw the news in prison.

The various telecommunications companies present today have a tacit understanding and have not competed with America Telecom. They have obviously received hints from the Elephant Party or Donkey Party behind the scenes, even though Verizon really wants to compete with America Telecom for MCI.

, and finally endured it forcefully.

So what if we grab it? Whether the deal can be concluded in the end will still need to go through the federal bankruptcy court, the Federal Securities Commission and even Capitol Hill. WorldCom is still in bankruptcy protection. It was not temporarily formed by people like Sidgmore.

WorldCom's board of directors has the final say, and it does not have to listen to the federal bankruptcy court.

The representatives of Verizon Telecom also know that those idiots are all supporting America Telecom, and there is no need for Verizon to humiliate itself.

However, it's not like they didn't compete with America Telecom for MCI Telecom. Quest Telecom suddenly made an offer, as if it was going to challenge America Telecom. Egger just gave Philip Anschutz a cold look.

Representatives of other telecommunications companies in the conference room all looked like they were watching a show. Many people felt that Quest Telecom was going to be in trouble. The big financier of America Telecom was not provoked.

For those who dare not fight back, ask LVMH, Microsoft, General Electric and other giant companies that are still licking their wounds.

Philip Anschutz has no choice but to bite the bullet. If he doesn't want Quest Telecom's financial problems to explode, he must make big news, such as letting Quest Telecom acquire MCI Telecom. Only in this way can Quest Telecom acquire MCI Telecom.

Quest's stock price has risen again, and he doesn't want to step on the sewing machine with Ebbes!

Sidgmore was shocked and angry, but there was nothing he could do. James Crow was telling the truth. If the debts were not repaid, the reorganization would not be completed. But if you want to repay the debts, you must borrow money. Now Wall Street institutions and banks are waiting.

If Shitong pays back the money, how can it lend money to Shitong?

But if the WorldCom family is really sold out, and the reorganization is finally completed, what will be left of WorldCom?!

When Sitchmore was worried but helpless, a member of WorldCom's interim board of directors came in with a mobile phone and handed it to Sitchmore.

A few minutes later, Sidgmore returned to the conference room, but his expression had become listless and numb, and his energy had dissipated visibly.

Glancing in the direction of Egger and James Crowe with a complicated expression, Sitchmore opened his mouth and tried several times before finally speaking, "The WorldCom board of directors can agree to the transaction of America Telecom, but requires America Telecom to

Raise the purchase price!”
Chapter completed!