Funds Request Filed By Telecom
Telecom Filed For Bankruptcy. WorldCom has asked for Bankruptcy Court permission to pay 7,100 employees more than $9 million it has promised them from sales and promotions contests. As they did with severance payments, bankruptcy rules prevented WorldCom from paying workers any more than $4,650 it owed them in supplemental income … [Read more...] about Funds Request Filed By Telecom
Telecom Chiefs Grilled
Telecom Chiefs Pledged. Global Crossing Chairman Gary Winnick Tuesday pledged $25 million of his own money to cover employees' losses in their 401(k) retirement plans following the telecommunications company's bankruptcy. "I am personally, along with my family, going to guarantee $25 million to the people who have lost their money … [Read more...] about Telecom Chiefs Grilled
