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(Revised from original 2004 version)
Restoring Trust at WorldCom
Examines the changes in corporate governance at WorldCom/MCI as proposed by the company's court-appointed corporate monitor, Richard Breeden. Following the largest bankruptcy ever and the downfall of the company, Breeden wrote "Restoring Trust," a report comprised of 78 recommendations for the future governance of the company. Teaching Purpose: To think about how to improve corporate governance at a specific company.
Insolvency and Bankruptcy;
Governing Rules, Regulations, and Reforms;
Business and Government Relations;
Lorsch, Jay W., and Ashley Robertson. "Restoring Trust at WorldCom." Harvard Business School Case 404-138, November 2004. (Revised from original June 2004 version.)