Copyright Financial Times Information Limited Jul 9‚ 2002 Ron Beaumont‚ chief operating officer of WorldCom‚ is one of several senior executives who should have been aware of discrepancies in the telecommunications company’s books before the near-$4bn fraud was revealed last month‚ according to people close to the company. The fraud that was allegedly engineered by Scott Sullivan‚ the chief financial officer who was fired the day the scandal was announced‚ led to a massive overstatement of WorldCom’s
Premium Corporate governance Management occupations Executive officer
WorldCom was one of the leading telecommunication companies prior to its application for bankruptcy protection on July 21st‚ 2002. The firm’s decision to file for bankruptcy was a shocker move considering the amount of revenues and asset base the company had. It is believed that the firm was highly involved in fraudulent bookkeeping between the year 1999 and 2000 where they had managed to overstate its taxable income by at least $7 billion. It was also revealed that the company had committed itself
Premium Economics Subprime mortgage crisis Great Depression
ARE ZOOS UNETHICAL TO ANIMALS? Name: Tutor: Course: Date: University: ARE ZOOS UNETHICAL TO ANIMALS? Introduction In recent times‚ argumentative debates have been witnessed over the moral predicament that zoos brings concerning animals’ rights‚ liberties and ordinary behavior. Most of the people take zoo as unethical and cruel whereas others have the opinion that they are moral due to the fact that they support in study‚ safeguard‚ and proper treatment of wildlife. This profound topic has caused
Premium Zoo Natural environment Extinction
Insurance sales is a very competitive industry. When it comes to marketing and squashing the competition‚ many companies turn to underhanded methods such as pointing out everything that the other companies do wrong. Aflac is different. Aflac is an ethical company who strives to care for its clients and employees. In fact‚ Aflac has been listed several times on the “100 Best Companies to Work for” and “Most Admired Companies” lists published by Forbes (Aflac‚ 2016). In addition‚ they have been listed
Premium United States Insurance Marketing
In this task I will be explaining the impact of antisocial behaviour on the communities and the individual. P4: Public perception of crime (own experience‚ media influence); The public perception of crime can be influenced by the media as they can make a situation bigger than it originally is. Depending on the situation the public‚ could be affected in a bad way. For example if a gang is persistently committing crimes then the community will be aware of this. Communities will judge crimes by
Premium Crime Criminology
applied globally‚ and in different perspectives as mirrors for analyzing potential knowledge and ethical decision making. Classical theories of ethics provide the basis for defending‚ systematizing and recommending ideas‚ concepts and notions of moral behavior. Classical ethics falls under the normative class of ethics. Ethics can be divided into Meta‚ applied or normative ethics. Normative ethics concerns the practical meaning and determination of moral courses of action. Normative ethics concerns the
Premium Management Learning German language
Conflict in Ethical Decision Making at WorldCom Kerry Seeley Business Ethics MT4200 National American University September 25‚ 2007 Craig Chaplin Abstract This paper explains how WorldCom began and where it’s at now. It didn’t take long for WorldCom to become the second largest long distance phone company. WorldCom provided a legal framework for people working in communication projects on an individual basis‚ mainly in Central America‚ but they also developed projects together with partners
Premium Accounting scandals Fraud
Introduction Kentucky Fried Chicken (KFC) Corporation‚ based in Louisville‚ Kentucky‚ is the world’s most widespread chicken restaurant chain offering services to more than 12 million customers in 109 countries all around the world. KFC operates more than 5‚200 restaurants in the United States and more than 15‚000 units around the world. KFC was founded by Harland Sanders (Sanders) in the early1930s. He started cooking and serving food for hungry travelers who stopped by his service station in Corbin
Premium Fried chicken KFC Fast food
To begin‚ zoos are unethical due to the fact that they take animals out of the wild and place them in artificial environments that have failed to meet their standard of living. For example‚ research has shown that some larger animals need for space is not fulfilled in their confined cages. One example of this is how the zoo environment can have a significant impact on the health and wellbeing of zoo animals. Captive elephants‚ for example‚ cannot exercise in the same way they do in the wild and
Premium Zoo Extinction The Animals
The Bush Doctrine: an unethical agenda in theory and practice @minr_boy Dr. Jonathan Marks Francesco Poggiani Philosophy 119 December 18‚ 2012 @minr_boy Dr. Jonathan Marks Philosophy 119 December 18‚ 2012 Research Paper: The Bush Doctrine: an unethical agenda in theory and practice The “Bush Doctrine” represents the foreign policy principles of the United States federal government under the administration of President George W. Bush. Although the phrase was never explicitly
Premium President of the United States United States George W. Bush