At the 36th annual Deposit Guaranty Economic Symposium — The Year Ahead in Jackson last week, Bernie Ebbers, president and CEO of MCI WorldCom, talked about adding a net of 8,000 employees a year to keep up with the growth rate of the global telecommunications giant.
He also mentioned wanting a hockey franchise, hinting that there was enough room near WorldCom headquarters in Clinton to build an arena. Ebbers emphatically denied any interest in running for governor in 1999 even though he wouldn’t say whom he supports.
The merger of MCI and WorldCom has gone even better than expected, he said. However, on the heels of his announcement of a few thousand new hires annually, he also said about 75,000 duplicate jobs will be eliminated “for the sake of the shareholders,” he said.
“Many mergers do not occur without having to deal with duplications,” he said.
BEFORE YOU GO…
… we’d like to ask for your support. More people are reading the Mississippi Business Journal than ever before, but advertising revenues for all conventional media are falling fast. Unlike many, we do not use a pay wall, because we want to continue providing Mississippi’s most comprehensive business news each and every day. But that takes time, money and hard work. We do it because it is important to us … and equally important to you, if you value the flow of trustworthy news and information which have always kept America strong and free for more than 200 years.
If those who read our content will help fund it, we can continue to bring you the very best in news and information. Please consider joining us as a valued member, or if you prefer, make a one-time contribution.Click for more info