Case Study The Rise and Fall of WorldcomThis case study is about Bernard Ebbers CEO of Worldcom‚ Inc. and Scott Sullivan CFO of Worldcom‚ Inc. once they were boosted the company growth and they got awards. Later on they made frauds by using their influential tactics on employees and company’s board. Those are Assertiveness: it involves applying legitimate and coercive power to influence others by threatening or giving punishment. This tactic was used by sullivans office where they berated and intimidated
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JS6557 Professor Pratt §16‚ Thursdays‚ 10:00 a.m. X Mailbox # 406 Final Draft Closed Memo September 5‚ 2012 Word Count: 2‚975 On my honor‚ I submit this work in good faith and pledge that I have neither given nor received improper aid in its completion. /s/ JS6557 JS6557 Memorandum To: Managing Partner Salvo From: JS6557 Date: September 24‚ 2012 Re: McAnzen Case QUESTION PRESENTED DUI Under Mississippi law‚ can McAnzen establish a defense of necessity
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The Locked Door When I was a child my great grandmother would tell me the most amazing story about a locked door that she had passed by almost every day. Every time she came upon the door she would try the handle‚ just to see if on that day it might open. But it never did. On one dark‚ rainy‚ day my grandmother had gone to the store to get some eggs so she could make some brownies. On her way to the store she started thinking about that locked door. She wondered why it had been locked‚ who had
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Worldcom was the second largest long distance phone company in the United States. The former CEO Bernard Ebbers was sentenced to twenty five years in prison due to increasing revenue the wrong way to increase earnings. This company had the largest bankruptcy filing in the United States. Today‚ the Worldcom accounting scandal is known as one of the worst corporate white collar crimes in history. What were some psychological factors that led to this crime? Financial Pressures from competitors
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Enron and WorldCom Case Study This report is based on the demise of Enron Corporation and WorldCom. Both the firms are demised due to the ethical lapses. These ethical lapses come into existence when managements of the firm‚ uses unethical practices to accomplish the goals of the firm. Maintaining financial and accounting standards in the business practices are necessary. The profession of accounting has become a mockery due to the accounting scandals that took place all over the world in the
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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Question 1 At the time Cynthia Cooper discovered the accounting fraud‚ WorldCom did not have a whistle-blower hotline process in place. Instead‚ Cynthia took on significant risks when she stepped over Scott Sullivan’s head and notified the audit committee chairman of her findings. Discuss the key criteria for the operation of an effective corporate whistle-blower hotline. Be sure to highlight potential pitfalls that should be avoided and reference professional codes‚ legislation and academic
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agencies; and with other providers of correctional or counseling services to offenders (Seiter‚ 2011). Closed systems on the other hand consist of only the internal environment and‚ for prisons; this meant what happen within the walls and fences‚ under the direct control of the warden and without much interest or interference from external groups (Seiter‚ 2011). The organization of a closed system‚ often with autocratic leadership‚ is usually very simple‚ and the mission and goals of the organization
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respond with an inclusivist view that acknowledges that pieces of the truth can be found in other faiths‚ but maintains that the whole truth only exists within the confines of their own. However‚ the faiths differ in that Christian inclusivism is more closed‚ only recognizing the truth in other faiths when it aligns with their own thinking‚ while Hindu inclusivism is more open‚ welcoming and incorporating into their own religion new material from other faiths. However‚ religious thinkers Bede Griffiths
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Chelsea Ferrell Lab 1 Closed-Loop Control According to our book‚ Motor Learning and Performance‚ a closed-loop control is a type of control that involves the use of feedback and the activity of error detection and correction processes to maintain the desired state; used by people to control slow‚ deliberate movements. The book uses a heating and cooling system to illustrate a closed-loop control‚ but a closed-loop control process is actually used for certain types of human performances. For our
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