The Unethical Business in the Telecommunication Industry
Executive summary
The report will have a close look on unethical business about telecommunication industry. We know that a lot of times the rights of consumers are not protected. Because of the much unethical behaviour in the industry, consumers often faced the choices between interest and social morality.
In many cases this report has discovered that the unethical behaviours. The essay will also Analysis of each company and provides recommendations for investors.
Introduction
This report will look at:
• The unethical behaviour about WorldCom accounting scandal
• The Monopolistic competition about china telecom
• The overcharging behaviour of AT&T
• Recommendations for telecommunication industry
• Conclusion
Findings
WorldCom
WorldCom, The America’s second-biggest long distance phone company. From 1999 to 2002, an internal audit had reported that $3.3 billion in profits were improperly recorded on its books. That is on top of the $3.8 billion in expenses. And company said it had improperly reported as capital investments. WorldCom now says it must issue revised financial statements from full year (four quarters) of 2001 and the first quarter of 2002. (Tran, 9 August 2002) After the bankruptcy of company, investors and consumers feel staggered and scare. Because it was the large company, the public think it was been trusted by the public. But the company has abused the public trust through the falsification of financial statements preparation and to deceive the public and lie about the benefits of its products in order to get more revenue. (Arnold, 22 July, 2002)
China Telecom By the end of 2010, the population of Internet users in china has been reach to 23.3 present of whole world and about 55.3 percent of Internet users in Asia. However, china 's rate of Internet is the slowest of the world, the average rate of global broadband access is 5.6Mbps, but in china, the average rate of downlink is only 1.8Mbps (ranked 71st in the world). We
The report will have a close look on unethical business about telecommunication industry. We know that a lot of times the rights of consumers are not protected. Because of the much unethical behaviour in the industry, consumers often faced the choices between interest and social morality.
In many cases this report has discovered that the unethical behaviours. The essay will also Analysis of each company and provides recommendations for investors.
Introduction
This report will look at:
• The unethical behaviour about WorldCom accounting scandal
• The Monopolistic competition about china telecom
• The overcharging behaviour of AT&T
• Recommendations for telecommunication industry
• Conclusion
Findings
WorldCom
WorldCom, The America’s second-biggest long distance phone company. From 1999 to 2002, an internal audit had reported that $3.3 billion in profits were improperly recorded on its books. That is on top of the $3.8 billion in expenses. And company said it had improperly reported as capital investments. WorldCom now says it must issue revised financial statements from full year (four quarters) of 2001 and the first quarter of 2002. (Tran, 9 August 2002) After the bankruptcy of company, investors and consumers feel staggered and scare. Because it was the large company, the public think it was been trusted by the public. But the company has abused the public trust through the falsification of financial statements preparation and to deceive the public and lie about the benefits of its products in order to get more revenue. (Arnold, 22 July, 2002)
China Telecom By the end of 2010, the population of Internet users in china has been reach to 23.3 present of whole world and about 55.3 percent of Internet users in Asia. However, china 's rate of Internet is the slowest of the world, the average rate of global broadband access is 5.6Mbps, but in china, the average rate of downlink is only 1.8Mbps (ranked 71st in the world). We
Bibliography: Binger, B & Hoffman, E.: Microeconomics with Calculus, 2nd ed. p 391 Addison-Wesley 1998. Arnold, J., 22 July, 2002. WorldCom 's star falls to earth. [Online] Available at: http://news.bbc.co.uk/1/hi/business/2066885.stm?&lang=en_us&output=json Ettinger, J., June 2, 2010 . AT&T Tiered Pricing Is Anti-Consumer. [Online] Available at: http://www.freepress.net/press-release/2010/6/2/free-press-att-tiered-pricing-anti-consumer Hille, K., November 14, 2011. China expected to increase antitrust probes. [Online] Available at: http://www.ft.com/cms/s/0/f21d704c-0c3a-11e1-8ac6-00144feabdc0.html#axzz1eqWYDERm Tran, M., 9 August 2002. WorldCom accounting scandal. [Online] Available at: http://www.guardian.co.uk/business/2002/aug/09/corporatefraud.worldcom2