tw telecom, a publicly traded telecommunications services company with an office in Colorado Springs, was recently named one of the top 100 most trustworthy companies in the nation.
The top 100 designation came from GMI Ratings, a group that grew from the financial collapse and scandals of Enron and WorldCom.
At WorldCom, the former CEO Bernie Ebbers was sentenced to 25 years for fraud after the 2002 scandal.
At Enron, shareholders lost $74 billion in retirements and many lost their jobs. CEO Jeff Skilling was sentenced to 24 years for his part in keeping the debts off the balance sheets, and former CEO Ken Lay died before serving time. Also, accounting firm Arthur Andersen was found guity of manipulating Enron’s accounts.
GMI Ratings is an independent leader in corporate governance.
GMI’s director of proprietary ratings provider and investment adviser, “wanted to find a way to identify nefarious corporate behaviors and, at the same time, spotlight companies who abstained,” according to an article on forbes.com.
“We are the only of the ‘big’ telecommunications companies named as well as the only company from Colorado to make the list,” said Andrey Trinidad, account executive from the Colorado Springs office.