Following on the Enron disgrace, the Worldcom disgrace makes still clearer what a culture of corruption exists. Here we have an organisation which should have been overseen by regulators, and an executive and board who "somehow" didn't notice that TWO and a half BILLION pounds had gone missing, supposedly on "future investment" but in fact on nothing of the sort.
As usual, the real losers were ordinary people, ordinary shareholders, and truth itself.
This is part of a whole culture of corruption inhabited by people who accommodate corruption, and know its going on (how can you overlook two and a half BILLION pounds?).
I'm not saying that Vint Cerf (Worldcom Vice-President) knew himself what was going on. But he has inhabited those corrupt corridors of power, and in my opinion, if he has any principles he will instantly resign from this corrupt organisation and disassociate himself from their corruption. (Rather like Robert Connelly resigned from Afilias.)
How can any ordinary person feel safe any longer, when their pensions or savings or job are ruined by wholly dishonest corporate tricksters? How can any ordinary person feel safe, when surrounded by a whole culture of corruption which dishonours the proud name of America - a country I always want to respect?
Totally shameful! British workers are losing their jobs tonight because of this cheating selfish company! And many Americans will be hit even harder.
The accommodation of corruption within the roll-out of the new TLDs is symptomatic of what's sick. No adequate regulation. No adequate protection for the consumer. Clear breach of rules, but never called to account. Lies. Deception.