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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FAR600 CASE STUDY WORLDCOM QUESTION 1 a) Discuss the earnings management technique employed by the management of World Com. WorldCom admitted that the company had classified over $3.8 billion in payments for line costs as capital expenditures rather than current expenses. Line costs are what WorldCom pays other companies for using their communications networks; they consist principally of access fees and transport charges for messages for WorldCom customers. Reportedly‚ $3
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Information This report details the rise and collapse of WorldCom Group: this telecommunication giant employed 60‚000 individuals and had over $104 billion in assets. However‚ most numbers were deliberately misstated in order to maximize income and survive in the global stock market. WorldCom dates back to 1983 when in split up from AT&T to create a separate entity in order to take over the Southern states telecommunication markets. WorldCom focused on providing Long Distance Discount Services (LDDS)
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How can managers promote innovation unwelcome surprises? Control in an Age oj by Robert Simons A fundamental problem facing managers in the 1990s is how to exercise adequate control in organizations that demand flexibility‚ innovation‚ and creativity. Competitive businesses with demanding and informed customers must rely on employee initiative to seek out opportunities and respond to customers’ needs. But pursuing some opportunities can expose businesses to excessive risk or invite behaviors
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Appendix A ETH/125 Vanessa Lee University of Phoenix Part I |Term |Definition | |Diversity |Diversity has traditionally referred to categories like race and gender‚ but diversity | | |experts are increasingly considering a wide range of factors from
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had been taken from me because of one reckless driver? I never thought I would see the day I attended my husband’s funeral‚ but today’s the day. I walk in funeral home clutching my dead husbands’ eulogy with big bolded letters on top reading Jason Cooper. I can barely recognize all these people everyone fuzzy from the tears forming in my eyes‚ trying to keep it together for their sakes. All I’ve heard since my arrival are the remorseful sorry from the people‚ them not realizing with every word I’m
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The management of Cooper Industries‚ Inc.‚ is considering whether to acquire the Nicholson File Company‚ a leading manufacturer of hand tools. The Nicholson family and other members of the management group own about 20% of the Nicholson stock; the remainder is publicly held. From the standpoint of Cooper‚ an affirmative decision may involve Cooper in a bidding contest with two other companies‚ which have already purchased part of the outstanding Nicholson stock and made tender offers in an effort
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and the tactics and behaviors that would ultimately lead to the downfall and closure of the company. One of the most famous was Enron‚ but another well known failure was that of WorldCom. WorldCom was a big player in the telecommunications industry‚ being the largest telecom carrier of Internet traffic. In 2002‚ WorldCom joined the ranks of failed companies mostly because of the tactics that management and its accountants used to show that the company was earning more money than it was. This was
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Anna Julia Cooper Zandra Owens November 23‚ 2009 SOC 480-D1/ Sociological Seminar Fayetteville State University Abstract Anna Julia Haywood Cooper (1859-1964) was one of the most influential African-American educators of the late 19th and early 20th centuries. As an activist‚ author‚ and scholar‚ she dedicated her entire life to the education and empowerment of African-American youth and adults. Her commitment and passionate belief in the power of education
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Citation: Philip J. Cooper v. Charles Austin 837 S. W. 2d 606 (Tenn. Ct. App. 1992) Parties: * Phillip J. Cooper‚ Plaintiff – Appellant‚ Administrator * Charles Austin‚ Defendant – Appellant * Alois B. Greer‚ Proponent of the codicil Facts: * This is a will contest case involving a codicil to the Last Will and Testament of Wheelock A. Bisson‚ M.D.‚ deceased. * Dr. Bisson’s will‚ which is not contested‚ was executed June 18‚ 1982. Prior Proceedings: * Dr. Bisson died in
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