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 employees
Premium Fraud Corporate governance
World War 1 was the first “Great War” in American history. It caused a major advancement in American weaponry and technology. Also‚ it showed the axis powers the strength and determination of our nation. World War 1 was triggered by the assassination of Archduke Francis Ferdinand. It started in 1914 and ended in 1920. It was fought by Russia‚ Germany‚ France‚ Great Britain‚ and the United States. The reason why World War 1 was so devastating was because of secret alliances‚ the weapons
Premium World War II World War I
PREPAREDNESS OF LSPU SYSTEM ACCOUNTANCY STUDENTS AND ITS EFFECT TO THEIR CONFIDENCE LEVEL IN TAKING UP CERTIFIED PUBLIC ACCOUNTANT LICENSURE EXAMINATION TABLE OF CONTENTS TITLE PAGEPage iVMGOiiAPPROVAL SHEETiiiACKNOWLEGMENTivDEDICATIONvABSTRACTviCHAPTER 1THE PROBLEM AND ITS BACKGROUND Introduction Background of the Study Literature Review Theoretical Framework Conceptual Framework Statement of the Problem Hypothesis Significance of the Study Scope and Limitation Definition
Premium Certified Public Accountant Association of Chartered Certified Accountants Accountant
WorldCom Scandal Formerly known as WorldCom‚ now known as MCI‚ this U.S.-based telecommunications company was at one time the second-largest long distance phone company in the U.S. Today‚ it is perhaps best known for a massive accounting scandal that led to the company filing for bankruptcy protection in 2002. In 1998‚ the telecommunications industry began to slow down and WorldCom’s stock was declining. CEO Bernard Ebbers came under increasing pressure from banks to cover margin calls on
Premium Corporate governance Fraud Bankruptcy
new land so they could produce the products needed by England. However‚ if they wanted this land they must overcome hardships and longs years of wait. The Sea Dogs were well respected in England and they were loved by their country‚ while most other countries believed they were pirates. There are many well know individuals who potentially tried to help settle in the new world including guys like Humphrey Gilbert and Sir Walter Raleigh. Humphrey Gilbert as I included last paragraph was a Sea Dog
Premium England United States Europe
Why did people go on crusades? In 1095‚ Pope Urban II called for an army to go to the Holy Land‚ Jerusalem. This was what was later known as the ‘First Crusade’. A crusade is a religious war or a war mainly motivated by religion. The first crusade consisted of 10’s of thousands of European Christians on a medieval military expedition to recover the Holy Land from the Muslims. This doesn’t mean that the first crusade was just motivated by religion. Throughout this essay‚ I will be suggesting the
Premium Crusades First Crusade Christianity
and fall of WorldCom This case study WorldCom is a telecommunications company which was led by CEO‚ Bernard Ebbers‚ and CFO‚ Scott Sullivan. In 1999‚ WorldCom was not meeting Wall Street’s revenue and earnings expectations‚ and it appeared that the coming year would produce more bad news. The CFO argued for setting realistic targets. However‚ the CEO insisted that the company needed double digit growth‚ and pushed for aggressive targets. A great deal of focus was not putting on “team work” and being
Premium Leadership
AP American DBQ During the early 1800’s the paths of the north and the south began to grow in opposite directions‚ making simple compromises became harder and more difficult to deal with as the north continued to produce a large amount of abolitionists and the south never strayed from slavery. The south felt like the north was taking advantage of them in various ways. As the north and the south began to go their own ways they began to differentiate there became apparent disagreements in every
Premium Slavery in the United States American Civil War Southern United States
Case study on WorldCom THE WORLDCOM FRAUD:- Presented By: Pratik WorldCom’s Background • Awoke the sleeping giant by leading the telecom industry into profitability in the 90’s. • During the 1990’s‚ WorldCom was deeply involved in acquisitions and completed several “mega-deals” • Purchased over 60 firms in 2nd half of the 90’s • WorldCom moved into Internet and data traffic • Handled 50% of US Internet traffic • Handled 50% of e-mails worldwide WorldCom’s Background (cont.) • Purchased MCI for
Premium Auditing Balance sheet Capital expenditure
WorldCom Case Study Update 20061 by Edward J. Romar‚ University of Massachusetts-Boston‚ and Martin Calkins‚ University of Massachusetts-Boston Read the original case. In December 2005‚ two years after this case was written‚ the telecommunications industry consolidated further. Verizon Communications acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation‚ which had been in business since the 19th Century. The acquisition of MCI/WorldCom was the direct result of the behavior
Premium Fraud