Search results
Oct 10, 2008 · During his 24-year tenure as head of MCI, William McGowan grew MCI from a nearly defunct mobile radio service to a $9.5 billion telecommunications juggernaut. Today, the company he founded,...
William G. McGowan (December 10, 1927 – June 8, 1992) was an American entrepreneur, and founder and chairman of MCI Communications. He played an important role in the breakup of AT&T while growing MCI into a US$9.5 billion in revenue entity that controlled 16% of the American domestic and international long distance market.
Marvel Comics began publishing The Further Adventures of Indiana Jones in 1983, and Dark Horse Comics gained the comic book rights to the character in 1991.
Founded in 1968 as Microwave Communications, Inc. (MCI) by John Goeken, owner of a mobile radio business, MCI's regulatory history began in 1963, when Goeken filed an application with the Federal Communications Commission (FCC) for permission to construct a private line microwave radio system between Chicago and St. Louis, Missouri.
- Foundation
- MCI Acquisition
- Proposed Sprint Merger
- Accounting Scandals
- Bankruptcy
- Post-Bankruptcy
In 1983, in a coffee shop in Hattiesburg, Mississippi, Bernard Ebbers and three other investors formed Long Distance Discount Services, Inc. based in Jackson, Mississippi and in 1985, Ebbers was named chief executive officer. The company acquired over 60 telecommunications firms, and in 1995, it changed its name to WorldCom. In 1989, it became a co...
On November 4, 1997, WorldCom and MCI Communications announced a $37 billion merger to form MCI WorldCom, making it the largest corporate merger in U.S. history. On September 15, 1998, the merger was consummated, forming MCI WorldCom. MCI divested itself of its "internetMCI" business to gain approval from the United States Department of Justice.
On October 5, 1999, Sprint Corporation and MCI WorldCom announced a $129 billion merger. Had the deal been completed, it would have been the largest corporate merger in history. The merged company would have surpassed AT&T as the largest communications company in the United States. However, the deal floundered due to opposition from the U.S. Depart...
Between September 2000 and April 2002, the board of directors of WorldCom authorized several loans and loan guarantees to CEO Bernard Ebbers so that he would not have to sell his WorldCom shares to meet margin calls as the share price plummeted during the bursting of the dot-com bubble. By April 2002, the board had lost patience with these loans. D...
On July 21, 2002, WorldCom filed for Chapter 11 bankruptcy protection in the largest such filing in United States history at the time (overtaken by the bankruptcies of both Lehman Brothers and Washington Mutual in a span of eleven days during September 2008). The WorldCom bankruptcy proceedings were held before U.S. Federal Bankruptcy Judge Arthur ...
The company emerged from bankruptcy in 2004 with about $5.7 billion in debt and $6 billion in cash. About half of the cash was intended to pay various claims and settlements. Previous bondholders ended up being paid 35.7 cents on the dollar, in bonds and stock in the new MCI company. The previous stockholders' stockwas cancelled. It had yet to pay ...
Apr 6, 2021 · It was an island encounter that brought Lucas and Spielberg together to birth the Indiana Jones franchise idea. After Star Wars (now, Episode IV – A New Hope) opened in 1977, Lucas sought ...
People also ask
When was MCI founded?
Why did MCI become a company?
What does MCI stand for?
When did MCI go out of business?
Jun 30, 2023 · Let's trace the family history of Indiana Jones from the late 1800s to the 1990s, including all five movies, "The Young Indiana Jones Chronicles," and more.
