http://gigaom.com/2004/06/28/mci-on-a-slow-road-to-nowhere/ Sat, 11 Feb 2012 12:44:45 +0000 hourly 1 http://wordpress.com/ http://gigaom.com/2004/06/28/mci-on-a-slow-road-to-nowhere/#comment-97386 Wed, 30 Nov -0001 00:00:00 +0000 http://gigaom.wordpress.com/2004/06/28/mci-on-a-slow-road-to-nowhere/#comment-97386 MCI committed a particularly gruesome form of hari-kari when it cancelled all outstanding shares. As it happens, with its wide shareholding among institutions, its shareholders also constituted its customer base. By cancelling without even throwing its “owners” a bone, there is nothing left but bankers snuffling aimlessly amongst the remains. Who would do business with such an enterprise?

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