For 1995, revenues were on target to come in at around $1.1 billion.8 Two percent of that would mean writing off no more than $23 million. Yet the guys running Business Services, the half of MCI under which Carrier Finance fell, had committed it months earlier to a bad debt budget of just $10 million. That was $2 million less than the previous year, although revenue was up 60 percent.9 In contrast, the $120 million or more in bad debt McCumber and Pavlo were sitting on represented over 10 percent of revenues.
