WorldCom: Organizational Culture and Unethical Safeguards Organizational culture is one of four influences whether an ethical or unethical behavior will be made. WorldCom’s demise‚ deliberately overstating their income by $7 billion between 1999 and 2002; and their once valued stock of $180 million becoming nearly worthless‚ can attribute a significant amount of their failure on their “dis”organizational culture. Corporations worldwide who do not think this type of fraud can happen at the hands
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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 moral and ethical standards. This eventually translated into an even more detrimental result‚ which was jail time. She clearly
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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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Jude Garate Mr. Kerns‚ Period 3 10/24/13 Ann Cooper TED Talk EPL Essay Ann Cooper recently went to a convention in Los Angeles to discuss the issue of school lunches and their lack of nutritional value. Throughout her speech‚ she used the three rhetorical appeals repeatedly in order to persuade the listeners on why we need to do something about the food we’re feeding our children at school. Before Ann digressed into the conversation‚ she established her own personal credibility by making
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Cooper was born in Shelbyville‚ Tennessee‚ on January 9‚ 1902‚ and raised in Nashville.[1] She moved to Atlanta‚ Georgia‚ in her early twenties with her husband‚ Albert Berry Cooper‚ a dentist‚[1] and they had four children together.[2] During that time‚ she served more than fifty years in public work on the board of Gate City Nursery Association and also helped found the Girls Club for African American Youth.[3] Because there were no integrated Boy Scout troops in 1930’s Atlanta‚ she wrote to the
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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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Road to Excellence Cynthia Delacruz has always been dedicated to helping others around her and often puts herself last when it comes to friends and family. At the young age of 21‚ Cynthia had her daughter Mackenzie. When asked about how Makenzie impacted her life she responded‚ “It was definitely a big eye-opener for me. From that moment on‚ I realized that I needed to start giving it my all in order to support my daughter. Giving up isn’t an option for me‚ all this hard work is for her to have
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Wk2 Assignment: The Enron and WorldCom Scandals Student Name ACC/260 Date Instructors Name[Page Break] 1. Which segment of its operations got Enron into difficulties? The guaranteed loans that were intended to bridge the financing for investments from outside investors that could not be found would be the segment of operations that caused Enron difficulties. 2. Did Enron’s directors understand how profits were being made in this segment
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The Taboo Brothel A woman is willing to give her self respect‚ her dignity‚ and her own life to provide for her child. Cynthia Payne is a wonderful example of this. Cynthia was born December 24‚1931. Payne had an exhausting childhood; her mother died at the age of ten‚ and her father was physically in her life but not mentally. He never gave Cynthia the love and or affection a little girl needs from her father (Callan) . At seventeen Payne became pregnant with her first son by having a affair
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What punishment‚ if any‚ do you believe David Myers should have been given for his role in the WorldCom fraud? A2. Mr. Myers was charged with securities fraud‚ conspiracy to commit securities fraud‚ and filing false statements. Based on these charges‚ I think Mr. Myers would be sentenced to 5-8 years prison terms. In addition‚ he would be imposed with a large amount of fine. Furthermore‚ the WorldCom would take a certain amount of bonus back for the period while he was being investigated. However
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