From the Desk of: Imran Omer Case Study: WorldCom From its beginnings as a long distance call player to handler of Internet data traffic‚ WorldCom was a spectacular firework in the sky before it crashed out as one of the biggest bankruptcies America has witnessed in its corporate history. WorldCom carried more international voice traffic than any other company. It carried a large amount of the world‟s Internet traffic. WorldCom owned and operated a global IP (Internet Protocol) backbone that
Premium Operating expense Capital expenditure
Copyright Financial Times Information Limited Jul 9‚ 2002 Ron Beaumont‚ chief operating officer of WorldCom‚ is one of several senior executives who should have been aware of discrepancies in the telecommunications company’s books before the near-$4bn fraud was revealed last month‚ according to people close to the company. The fraud that was allegedly engineered by Scott Sullivan‚ the chief financial officer who was fired the day the scandal was announced‚ led to a massive overstatement of WorldCom’s
Premium Corporate governance Management occupations Executive officer
VERTIGO Alfred Hitchcock’s Vertigo is a thrilling film filled with mystery and suspense. However‚ Hitchcock left many unsolved issues at the end of this film. In contrast‚ when comparing Vertigo to more recent films of similar genre’‚ mysteries are usually always solved and thoroughly explained by the end of the film. Ironically‚ Hitchcock’s failure to explain everything to the audience in Vertigo is one of the film’s best attributes. This lack of knowledge allows the viewer to use their own
Premium Alfred Hitchcock Emotion Bernard Herrmann
The golden age in studio film making with movies such as Orson Welles “Citizen Kane “. When the golden age emerged in 1941 World War ll started and when it ended 4 years later it was hard for Hollywood to bounce back to what it was. The making of “Citizen Kane “redefined the look of modern cinema and changed forever the way in which American audience and film historians talk about the movies. In “Citizen Kane “Orson Welles used evocative depth of field (deep focus). Welles’s used this visual style
Premium Film Film director Citizen Kane
Believe it or not‚ Alfred Hitchcock’s work was inspired by his rough childhood and cruel parents (Biography.com Editors‚ 2016). Although his struggles in early life gave him fear‚ it elevated his level of expertise in the film industry. Alfred Hitchcock created suspenseful works by demonstrating creating and imagining to innovate his perspective on his childhood‚ furthermore illuminating the film industry. The Master of Suspense‚ or in other words‚ Alfred Hitchcock‚ created movies that would later
Premium Alfred Hitchcock Film Film director
Terrorism “Most Muslims are not fundamentalists‚ and more fundamentalists are not terrorists‚ but more present day terrorists are Muslims and proudly identify themselves as such.” writes Bernard Lewis in ‘The Crisis of Islam’. But Dr. Martin Luther King logically said‚ “Injustice anywhere is a threat to justice everywhere.” Terrorism has no absolute and globally accepted definition and its interpretation can easily be used or abused to suite particular needs. The adage that “one man’s terrorist
Premium Islam Terrorism Al-Qaeda
"’Too awful.’ Bernard hypocritically agreed‚ wishing‚ as he spoke the words‚ that could have as many girls as Helmholtz did‚ and with as little trouble. He was seized with a sudden need to boast. I’m taking Lenina Crowne to New Mexico with me‚’ he said in a tone as casual as he could make it."’As seen from this quote Bernard’s only grudge against the New World is his loneliness‚ awkwardness and his weak physique and personality. Given a chance he would enjoy the New World to the fullest as he does
Premium Tragedy Tragic hero Sophocles
Chapter 7 in Bernard Haykel’s Saudi Arabia in Transition‚ the author addresses the subject of survival and life span of the Saudi regime by focusing on the instances in which oil is appealed in both the culture and politics of Saudi Arabia. A large portion of studies treat oil from a political point of view‚ the way the administration is structured followed by how income gathering allows the state to buy social peace through either winning over a large group or the creation of a generous system of
Premium United States Iraq Saudi Arabia
I believe that corporate employees working within the confines and rules of the organization‚ have all the tools required to act ethically. When an individual is asked to do something that they may even suspect would be detrimental to their livelihood‚ then they have all the rights given to them to not follow through with that action. In the case of Betty Vinson of WorldCom‚ while she had the clear understanding that her actions were wrong‚ she clearly kept personal financial safety ahead of her
Premium Morality Ethics Jean Piaget
AVOIDING INVESTMENTS IN FRAUDULENT COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company
Free Internal audit Audit Internal control