The Unravelling Of Qwest
from the how-quickly-they-fall dept
Fortune has an interesting article about the bad position Qwest is in. If you had read about them a few years all you heard were crazy stories about CEO Joe Nacchio, and his... unusual style of managing (the best story I heard was how he called up a US West exec moments after the Qwest-US West merger was completed and told him he had something like 15 minutes to change the US West signs on their building to say Qwest instead). Nowadays, it seems that Nacchio has been humbled a bit - as the company is in serious debt, has been compared to Enron (but, let's face it, these days, who hasn't?), and had to write down $30 billion (again, these days... who hasn't?). Now, most analysts feel that Qwest needs to sell off all of its pieces. It's not doing much good as a standalone company.