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MCI Worldcom new CEO Bernard Ebbers is changing MCIs old ways The problem is that MCI before merging spent too much money on accommodations for senior management The second problem is that MCI Worldcom is ignoring the wireless industry boomI recommend that MCI Worldcom should try to acquire a wireless company like Nextel or Airtouch to gain entry to the booming market The company would become a better telecommunications business and establish significant market presence that would generate profitabilityIf MCI Worldcom doesnt acquire a wireless company they should consolidate Consolidating with GSM would provide MCI Worldcom with an almost nationwide wireless network It would also give MCI Worldcom a clear advantage since it is a year and a half ahead than other companies in digital standardsMCI Worldcom must also reduce high costs To cut costs the company must first identify where costs can be eliminated or replaced with more economical substitutions I would also recommend that if the company wants to reduce costs that the CEO should demonstrate his commitment to lowering costs by making himself as an example I would not invest on MCI Worldcom stock The companys market price has been trickling down lately I think that if MCI Worldcom were part of the wireless market then it would improve revenues Since they have ignored this opportunity I feel that the company will fall behind because of failure to remain responsive to its customers and to changing market conditionsMCI Worldcoms new CEO Bernard Ebbers philosophy of slashing expenses and consolidating all traffic on a single network has been proved 67 times after buying 67 phone companies He is now trying to do the same after merging with MCI by reducing carefree spending and avoiding leasing links from other companies for their phone and internet networks He has reduced the companys workforce by laying off 2215 workers and plans to continueHe also has downgraded luxuries for executives such as corporate jets first class seating
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