WorldCom plans to emerge from bankruptcy protection this fall with a new name -- MCI -- and most of its debts wiped off the books. Rival telecommunication companies say that will give WorldCom a substantial advantage over them, since they still have to cover heavy debt burdens when setting prices. ["$500 million Wrist Slap"]
WorldCom's assets should have been sold to the highest bidder--and the proceeds used to pay off its debts. To do anything less is to violate the principle that "companies that commit grand theft shouldn't be rewarded for their crimes."