WorldCom was born in 1983 with the name LDDS (Long-Distance Discount Service) in Clinton‚ Mississippi. In 1985 Early investor Bernard Ebbers becomes chief executive officers (CEO) of LDDS. The company became public in August 1983 with the acquisition of Advantage Companies Inc. In 1993 LDDS acquired long distance providers Resurgens Communications Group and Metromedia Communications in a three-way stock and cash transaction that created the fourth-largest long distance network in the United States
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were able to go undetected. Also‚ what motives drove the individuals involved to commit these acts. And finally the ethical accounting issues involved. Worldcom got its start as a small discount long distance provider in Mississippi. Founded by Bernard Ebbers and a number of others the idea for Worldcom was simple‚ buy long distance services from larger companies and then sell them off to small local ones. The idea worked and before long LDDS or Long Distance Discount Services‚ later to be called
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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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part of Brave New World Bernard Marx plays a central role in the novel’s plot. Bernard‚ an Alpha-Plus psychologist‚ is a member of the upper caste of seemingly flawless individuals‚ but due to his physical characteristics such as his short stature‚ he resembles a Delta or Epsilon. This flaw marks him for ridicule as his Alpha-Plus status is undercut by the rumour that alcohol was accidentally given to his blood surrogate‚ chemically linking him to the lower castes. Bernard is painfully aware of how
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Bernard Lefkowitz’s Our Guys raises a lot of issues‚ all of which have been discussed throughout this semester. Just a few pages into the book‚ words had already begun to jump out at me‚ capturing my attention. "The kids in Newark‚ black and brown‚ speaking Spanglish‚ hoods over their heads‚ wheeling their stolen cars over to the local chop shop -- they were aliens in America. Strange‚ forever separate and separated from the American ideal. But these Glen Ridge kids‚ they were pure gold‚ every
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already bearing fruit. The group announced a return to profit and the first dividend payment for six years. Pre-tax profit of £10.3m was the highest since 1989 and a strong turnaround from the £30.6m loss in the previous year. EARLY HISTORY In 1953 Bernard and Laura Ashley started printing tea towels and scarves
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MCI tracking sock is removed May 14‚ 2002- 670 million shares of WorldCom stock are traded- a world record June 2002- CFO Scott Sullivan fired... Premium Examining a Business Failure: Worldcom their leader‚ corporate scandals like WorldCom and Bernard Ebbers could have possibly been avoided. Conclusion As leaders in an organization‚ it is important... Premium Worldcom 2003‚ p. 209).This was another large contributor in why no one reported or knew how to report WorldComs fraud. Conclusion The
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times hard to handle. But if you can’t handle me at my worst‚ then you sure as hell don’t deserve me at my best.” ― Marilyn Monroe Be who you are and say what you feel‚ because those who mind don’t matter‚ and those who matter don’t mind.” ― Bernard M. Baruch You’ve gotta dance like there’s nobody watching‚ Love like you’ll never be hurt‚ Sing like there’s nobody listening‚ And live like it’s heaven on earth.” ― William W. Purkey Two things are infinite: the universe and human stupidity;
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1987 - Moët et Chandon and Hennessy‚ leading manufacturers of champagne and of brandy‚ respectively‚ merges with Louis Vuitton to form the world ’s largest luxury goods conglomerate‚ LVMH. The group is partly owned by the Christian Dior group‚ and Bernard Arnault is Chairman and CEO of both companies. – 1992 - The first store in China is opened at the Palace Hotel in Beijing. History • Millennium Age of Louis Vuitton (1997-present) – 1997 - hires designer Marc Jacobs to be the label ’s artistic
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in modern times in the United States‚ it was uncovered as recently as in late 2008. The man behind it managed to keep the scheme running for over 15 years in one of most monitored economic systems in the world. The man in charge of the operation‚ Bernard L. Madoff‚ got arrested for his scheme and pled guilty to the embezzling of billions of US dollars. It struck many as unimaginable how such a fraud could occur in an environment so carefully controlled by regulations and supervised by different institutions
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