Why didn the U.S. Trustee appoint an equity committee for WorldCom/MCI?
This is a mystery to me. The rule of thumb is that if a company’s assets are less than the company’s liabilities there is not an equity committee appointed. In the case of WorldCom/MCI at the time of the bankruptcy filing the assets were twice the liabilities. I would have expected an equity committee to be formed immediately. Return to top.
Related Questions
- You indicate that Tri-Cities can be competitive for local phone services. What about the effect of MCI WorldCom rolling in and offering combined long distance and local phone services?
- What is the significance of the fact that the Trustee did not appoint an equity committee for WorldCom/MCI?
- How are Sprint, AT&T and MCI WorldCom different than Qwest, Global Crossing and Cable & Wireless?
