Quote by Don Nickles
But if you look at WorldCom, which is the biggest failure to date, they grew dramatically, they were buying companies that were bigger than they were and they were doing it off inflated stock.
Summary
The quote highlights the case of WorldCom, a company that experienced a major failure. Despite their significant growth and acquisition of larger companies, they achieved this by using overvalued stock. This suggests that WorldCom's growth was based on unsustainable and deceptive practices. Ultimately, the quote exemplifies the company's downfall, emphasizing the dangers of relying on inflated assets and unethical financial tactics.
Topics
Failure
By Don Nickles
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