Case study 10.1 - THE RISE AND FALL OF WORLCOM Bernie Ebbers built WorldCom‚ Inc. (now part of Verizon‚ Inc.) into one of the world’s largest telecommunications firms. Yet he and chief financial officer (CFO) Scott Sullivan have become better known for creating a massive corporate accounting fraud that lead to the largest bankruptcy in U.S. history. Two investigate reports and subsequent court cases conclude that WorldCom executives were responsible for billions in fraudulent or unsupported accounting
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There were many issues that brought about the fall of Rome‚ but they are primarily considered to be political‚ military and economic. -------------------------Political Problems--------------------------------… 1. The senate became extremely corrupt and political instability came into existance. Consuls and officials would offer positions in office for those who could pay a lump sum of denarii (currency). Furthermore‚ they accepted bribes in exchange for favours of a wide assortment. A series
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The Fall of Rome- Disease and Plague Gracelyn Gutierrez In Ancient Rome‚ the wealthy had lead pipes that carried water to their houses. Due to lead poisoning in water‚ the rate of death in wealthy homes was very high. The interaction of people at the Coliseum and the blood and death most likely spread disease. Those who lived on the streets went through an uninterrupted season of illness and disease. Alcohol use increased‚ furthering the intolerance of citizens. Poor families lived in crowded
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English 104.36 27 September 2012 Four Year Plan: Prevent Dropping Out After a semester or a year more students drop out of college even though 62% of jobs require a college degree. Why do students drop out knowing that there would be no hope for them to find a well-paying job? Many students who drop out of college find it hard to support themselves and their families‚ and those who drop out of college say they will go back‚ but never go back. Only 56 percent of students who enter America’s
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Amaranth was a hedge fund based out of Greenwich Connecticut started by Nicholas Maounis in 2000. At its peak‚ Amaranth had 9 billion dollars in assets and employed 115 employees. Amaranth began by trading convertible bonds and made a lot of profit through convertible arbitrage by simultaneously buying and selling convertible securities and common stock to capture gains from a difference in prices. Because convertible securities were often mispriced‚ this trade was very popular and as the rest of
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Q1- Who were the key stakeholders involved in‚ or affected by the collapse of Enron? How and to what degree were they hurt or helped by the actions of Enron management? Ans- The key stakeholders affected by the collapse of Enron were its employees and retirees. Stakeholders and mutual funds investors lost $ 70billion market value. Banks were also affected by the meltdown of the company. They included big banks like J P Morgan Chase and Citigroup. Not only the stakeholder and bondholder lose out
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The Legacy of Rome During the period of time between 100 and 600 A.D.‚ the Roman Empire experienced both cultural and political changes. Even after the western half fell because of internal collapse‚ immorality‚ and Germanic invasions‚ Rome’s culture and government was preserved in the Byzantine Empire and eventually carried on into modern society. One notable change in the culture of Rome includes the adoption of Christianity. The Roman Empire was originally polytheistic‚ but over time
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Horseshoe Falls. The illumination of the water falls with different colors of the light creates an effect which is grand‚ magical and brilliant. At night‚ when the water falls are illuminated with different shades of the light‚ I notice the genuine gladness on people’s faces around me. I discover a small boat in the mist of the waterfalls in the river below which is a breathtaking view. I witness some kids in school uniforms‚ who appear to be from a Canadian school on the porch overlooking the falls. The
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Maria Gomez 28 November 2012 ESL 34X Prevent Child Abuse Are we doing enough to prevent child abuse? Is the government and social services doing the right things to prevent child abuse? Children are suffering from a national epidemic of child abuse and neglected. “According to a report in May 2010 from United States Department of Health & Human Services‚ Administration for Children & Families‚ approximately 772‚000 children were found to be victim of child maltreatment in 2008; 71.1%
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Assignment #1: Investments BUS2007 For: Chay‚ J.‚ B. Deadline: 18th December 2009 Objective: To analyse the UK banking industry and the stocks HSBC‚ Lloyds‚ Royal Bank of Scotland and Barclays in the England banking industry and provide recommendations whether to buy‚ hold or sell the stock. 2009319086 · Kornelis Hooghiemster · khooghiemster@hotmail.com · 010 8696 5580 2009319085 · Vincent Schenkeveld · vincent.schenkeveld@student.hu.nl 2009319126 · Sander Barendse
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