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WorldCom’s $6 million ‘miracle’ to save MarcoPolo

Cara Branigan Associate Editor
January 1st, 2003

Telecommunications giant WorldCom Inc. has committed $6 million to save MarcoPolo—its popular, standards-based educational web site and teacher training initiative—despite filing for bankruptcy protection, laying off thousands of employees, and facing possible charges for fraudulent accounting.


Fearing the worst, MarcoPolo organizers have scrambled since July to find an estimated $7 million needed to save the program.


Earlier this year, "I thought we only had weeks and months left," said Caleb M. Schutz, vice president at WorldCom Inc. "Then, we were saying we need the money or we're going under. Now, there is no

...

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  • WorldCom’s $6 million ‘miracle’ to save MarcoPolo

    Cara Branigan Associate Editor
    January 1st, 2003

    Telecommunications giant WorldCom Inc. has committed $6 million to save MarcoPolo—its popular, standards-based educational web site and teacher training initiative—despite filing for bankruptcy protection, laying off thousands of employees, and facing possible charges for fraudulent accounting.


    Fearing the worst, MarcoPolo organizers have scrambled since July to find an estimated $7 million needed to save the program.


    Earlier this year, "I thought we only had weeks and months left," said Caleb M. Schutz, vice president at WorldCom Inc. "Then, we were saying we need the money or we're going under. Now, there is no threat

    ...

    Subscribe to Read More

    Are You an Educator?

    Get Free online access to all our news and resources


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