As it turns out, sticking to lofty ethical standards is a good corporate game plan for "winning in the marketplace," according to Michael D. Capellas, president and chief executive officer at MCI Inc.
Capellas should know. He has taken his company from being, in his words, "the curse of the boardroom," to the object of an $8.5 billion acquisition.
An intensive focus on "doing the right thing because it's the right thing to do" helped make that possible, Capellas told an audience in Philadelphia this week.
Capellas, 50, has led MCI - the telecommunications provider formerly called WorldCom Inc. - through its three-year recovery from an $11 billion financial scandal under convicted ex-CEO Bernard Ebbers, and a record $40 billion corporate bankruptcy.
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