"Many people seem to think that since Enron's
Chapter 11 filing was the largest U.S. bankruptcy ever, its loss of shareholder value from its peak was also a record setter," writes Fortune columnist Geoffrey Colvin. "In fact it isn't even close. Here are ten companies whose shareholders... have lost at least twice as much value as Enron's: AOL Time Warner, Cisco, EMC, Intel, JDS Uniphase, Lucent, Microsoft, Nortel, Sun Microsystems, and WorldCom. These value declines range from $155 billion (WorldCom) to $423 billion (Cisco)." |
