3) Roots of the scandal The roots of the fraud and the role of internal auditors As explained above‚ the fraud was implemented by the former CEO Bernard Ebbers and commited by his financial director Scott D. Sullivan. The technique used by Worldcom was pretty simple; indeed‚ he cooked the books by saving pure operating expenses such as maintenance network in capital expenditure instead of expenses in order to hide its decreasing earnings and to maintain the price of Worldcom’s stock. In summary
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Manipulation and Impression Management can have negative and positive traits within interpersonal communication. Emotional intelligence and impression management is often used to manipulate and deceive people. Though this can be viewed as a positive trait‚ it has negative outcomes for the person being deceptive. While deception is common in everyday social interactions its prevalence is less widely discussed. This essay will define impression management‚ deception and how individuals manipulate
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about but rather the management of the company‚ 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
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thousands and thousands of lives of Tutsis. It lasted more than 100 days and was the quickest killing spree that we have ever seen. It killed children‚ a lot of families. The Genocide was sparked when the Rwandan president Juvenal Habayirmana by getting shot down outside Kigali airport( he was a Hutu). The Genocide could’ve been prevented many many ways‚ outside leaders could have interfered with the whole mass killings and stopped Kalimanzara from supplying all the weapons. Tutsis also had a name
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Corporate Governance WorldCom Scam Introduction MCI WorldCom was one of the largest telecommunications companies in the world. Bernie Ebbers founded WorldCom in 1983‚ after that WorldCom began as a re-seller of long-distance telephone services. WorldCom is located at Mississippi. After Ebbers bought around 50 other small long-distance firms‚ he set his sight on MCI. Thus MCI WorldCom would have become the second biggest telecom service provider in 1997. MCI WorldCom was formed on September-15-1998
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Examining a Business Failure: WorldCom WorldCom was one of several large companies that failed because of inadequate organizational leadership‚ fraud‚ conspiracy‚ falsifying documents‚ and embezzlement. WorldCom has been classified as being “one of the biggest corporate scandals in Unites States history” (Zekany‚ 2004‚ p. 101). In 2001‚ the company’s financial condition began to decline due to the slowing telecommunications industry‚ which eventually put pressure on the company’s executive
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“Most Companies Acts of the region contain a provision requiring directors have to regard to the “interests of company employees in general”. Seemingly introducing a new stakeholder philosophy into company law‚ the precise import and significance of such a requirement remains a mystery.” Discuss. Introduction Company directors are like the shepherds who always try to convince the sheep that their interests and his are one and the same. Alolf Berle and Gardiner Means in Modern Corporation
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During the early 1940’s many European‚ countries and the United States‚ were recovering from World War I and the depression. Due to the fact that no one initially could or wanted to control Hitler’s dictatorial power his extreme racism got out of control and he was able to slaughter millions of Jews. Though eventually Hitler brought destruction upon himself‚ if other countries would have stopped him in the early stages‚ World War II may have never happened. Though countries might have wanted to stop Hitler
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“Improvisation is a tool that can be used by playwrights‚ directors and actors.” Discuss this statement. In your answer refer to your knowledge of improvisation‚ your practical experiences and your observations of the work of others. Improvisation is the art of being able to think of and create ideas in a split second‚ with little or no warning as to what you are creating. It requires playwrights‚ directors and actors to think of (in a minimal amount of time) a creative concept in which they will
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for life. A blemish in the history of the world. But what if that terrible event had never happened? I believe that World War ll could have been prevented‚ if only the League of Nations and countries like France and Britain had been harder on Germany. One thing that would have prevented World War ll is if the League of Nations had done something. Germany should have been stopped from the beginning‚ back when Adolf Hitler was still gaining power. They began to remilitarize in 1935‚ violating the Treaty
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