WorldCom
To start off, WordCom stands for 'World Commodities'. WorldCom in present time controls 85% of the United States and 60% of the globes traffic in commodities (made up of oil, agriculture, and minerals). Governments sign contracts with WorldCom for them to manage and monitor their commodities, as well as handle and trade them. WorldCom has also created a financial and accounting branch to finance the transactions between nations, farm lobbies, oil corporations (such as OPEC), and mineral mines.
WorldCom was founded in 1800 by William Harris and Nathan Boles. The name WorldCom was actually made up to represent what the two wanted the future of the company to be. But of course all new companies have to start out small, and that is what WorldCom did. Slowly, year by year, WorldCom extended itself throughout the U.S. and up into Canada.
By 1850, WorldCom bought a large amount of Midwest mineral mines, Western farms, and Southwestern oil dwellings, all for low prices. The company was expanding in size and in net worth, as well with connections to local governments. Those small connections led to state connections, which led to national and international connections. Contracts were being signed left and right between WorldCom and the U.S. government.
The success of WorldCom was being heard over the Atlantic, mainly in England, which was where the two were born. Realizing they 'gave birth' to the founders of such a successful company, the English government contacted the two and wanted them to share the wealth overseas. WorldCom signed a contract with to handle England's oil and agriculture traffic in 1865.
The positive about signing with England, was that not only did they handle their traffic, but also the traffic of their other owned colonies (India, Australia, etc). Once of course those countries became independent at a later date, the contract carried over to them as well.
With The U.S. in turmoil from the Civil War, the international business created a key diversion for WorldCom for them to focus on expanding their empire on a global scale.
By 1900, WorldCom had benefited greatly from both their international success and the industrial revolution. With the two company creators dead for nearly 30 years, WorldCom was ready for their next venture. That venture became to be their financial and accounting branch.
WorldCom financial was created in 1925, made exclusively for WorldCom government accounts. (Jumping ahead), in 2004, WorldCom was in talks to open up WorldCom financial to a public company, all part of the WorldCom umbrella. Those talks are still going on today, mainly on how to compete with their 'arch rival' TRI. (TRI competes with WorldCom in company size and power, not industry. If WorldCom were to open up a financial brach to the public, that would be the first industry clash between the two).
By 1958, WorldCom agreed with the city of Sprainbrook to build a new global HQ in the form of a skyscraper. Since then, WorldCom has moved operations all over the globe, keeping the upper management in the Sprainbrook HQ. There was consideration in the 1970's for WorldCom to move its global HQ to 55 Water Street in Manhattan, but they decided to stay where their roots were.
In 2000, WorldCom celebrated their 200th birthday with a lavish celebration in Sprainbrook.
In 2007-2008, WorldCom's quartlery reports broke all time records.
WorldCom is the single most powerful corporation in the World. They recieve support from nations all over the globe and continue to expand in the number of employees, operations, and most of all profit.
Current acting: (1995-Present)
CEO- Rick Clark
President-Rick Clark
Chairman-Rick Clark
Rick Clark has a networth of 65.5 billion dollars and rising. If he were to step down and sell his stock options, he'd be worth over 100 billion dollars.
There you have it, a history fit for a real company. Hope you guys read it.
I'll post the visual update tomorrow. That history tired me out.
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if WorldCom were a real company, I would invest in it right now, haha!!
I can give it a try.
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