The WorldCom scandal was actually brought to light by the internal auditor‚ Cynthia Cooper. Cooper and her team‚ Gene Morse and Glyn Smith uncovered the fact that line costs were being transferred to capital accounts. Cooper was originally tipped off to the fact that something was amiss when the head of WorldCom’s wireless business paid her a visit‚ upset that he was loosing $400 million that had been set aside to make up for shortfalls if customers didn’t pay their bills. Scott Sullivan‚ CFO of
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Opening Thoughts. Manipulation. The Webster dictionary says “to control or play upon by artful‚ unfair‚ or insidious means especially to one ’s own advantage” (Merriam-Webster) So what does this mean in the context of communication. It would appear that to manipulate someone is sinister in nature. That it is something bad or evil we do to other people for our own gain. But is it? Throughout this paper I hope to disprove this fact that manipulation is only used for malicious intent. Or maybe I’ll
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United States during the 1963 motorcade. There were several things that could have help prevented this tragedy from happening. Before the motorcade began‚ John verbally told his secret service men to “back off.” His agents gave him more space then he should have had in the first place. Kennedy had a love for cars‚ so riding with the top down was a must for him. If he had not been riding with the top down‚ he wouldn’t have been such an easy target. Lastly‚ the motorcade route was changed at the last
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How can teenage pregnancy be prevented? Abstinence This is when a person decides not to have sex until they are married. Some think this is old-fashioned‚ others think it is morally the best thing to do. Don’t worry what other’s think - what do you think? Delaying Sex Many people feel that they don’t want to wait until marriage before having sex. At the same time they don’t want to rush into it and make costly mistakes. So they decide to delay having sex until they are older‚ more responsible
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Ideological Manipulation in Translation in a Chinese Context: Su Manshu ’s Translation of Les Misérables by Li Li | | | | | | | | |1. Introduction:
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was that of WorldCom. In 1983 Bernie Ebbers and several other people invested in a newly formed company in Clinton‚ Mississippi called Long Distance Discount Services‚ Inc. (LDDS). LDDS was a provider of long distance telephone service to residential and commercial markets. Ebbers became CEO of LDDS in 1985. In 1989 the company merged with Advantage Companies‚ Inc. and became publicly traded. In 1995 the company name was changed to LDDS WorldCom‚ and later to just WorldCom. WorldCom grew to be
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Casey Noble 15 October 2008 Sabo SWOT Analysis WorldCom WorldCom‚ formerly known as the second largest long distance phone service‚ had taken its fall and officially took its final name on April 14‚ 2003. This Company’s mission statement was to “Create a competitive advantage for WorldCom and contribute significantly to WorldCom’s business success by promoting business practices that provide greater opportunity for a diverse supplier base." Throughout WorldCom’s lively years‚ it had great
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PressReleasePing Xooker Announces Election of Jonathan Emery to its Board of Directors Xooker‚ LLC‚ a mobile-first‚ consumer-to-merchant engagement platform that rewards users for having fun with the brands they love‚ announces the election of Jonathan Emery to its Board of Directors. Lexington‚ KY‚ September 14‚ 2015 /PressReleasePing/ - Mr. Emery currently serves as the Chair of the Firm’s Corporate and M&A practice at Bressler‚ Amery‚ & Ross‚ P.C.. He is an expert on all legal and business aspects
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Wan-Ting Shao * Ananya Chandra * Niteesh Chinta * Shraddha Rane * Swathi Punreddy The Rise 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.
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Accounting Fraud at WorldCom 1) What are the pressures that lead executives and managers to “cook the books?” After the rapid evolution of the telecommunication industry in the 1990s‚ WorldCom shifted its strategy to focus on building revenues and acquiring capacity sufficient to handle expected growth. Their biggest goal was to be the No. 1 stock on Wall Street rather than capturing the market share. As a result‚ their Expense-to-Revenue (E/R) Ratio was their measurement for their main objective
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