WorldCom’s true performance. These entries were made after the close of the quarter and lacked any business justification or supporting documentation. Sullivan explained to Ebbers that to meet Wall Street expectations the Company would have to engage in accounting practices for which there was no legitimate justification‚ and Ebbers replied to Sullivan‚ in words or in substance‚ “We have to hit our numbers.” Scott Sullivan’s position of Chief Financial Officer at WorldCom‚ in conjunction with weak
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Women in Society and Mrs. Warren ’s Profession The most obvious example of societal morals battling with individual need in Mrs. Warren ’s Profession‚ is the case of Mrs. Kitty Warren. Mrs. Warren is a woman whose economic status and lack of professional skills forced her into becoming a prostitute. A profession such as this is strictly against the beliefs of the society that she lives in. Mrs. Warren ’s Profession‚ infuriates us because it goes to the bottom of our evils because it places
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MR. HOLLAND’S OPUS MR. HOLLAND’S OPUS is a film by director Stephen Herek‚ written by Patrick Sheane Duncan‚ and produced by Ted Field‚ Michael Nolin‚ and Robert W. Cort. This emotional drama is a classic fictional story about Glenn Holland (Richard Dreyfuss)‚ a man with a deep love of music‚ who has a desire to write at least one symphony of lasting significance. The story starts when he unenthusiastically accepts a job as a high school music teacher at John F. Kennedy High School
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Entertaining Mr Sloane was first premiered in the West End of London in 1964. It was written by Joe Orton. The original play Is set in a house next to a rubbish dump. My monologue is specifically set in a front room of a house. To display to the audience that my monologue was set in a front room I bought a coach‚ a lamp and some flowers to give it a homely feel‚ something the audience can familiarise with and to create that intimate warm feeling of a home although something terrible had just taken
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the defeat or capture of a criminal from the perspective of the hero‚ but rarely are we told the story from the perspective of the criminal and rarely do we find ourselves rooting for a deranged‚ psychopath. Patricia Highsmith’s novel‚ The Talented Mr. Ripley‚ is a story where we do see these rare qualities in effect. The eerily charming Tom Ripley‚ like most of us‚ is finding it difficult to be comfortable in his own skin and desperately craves a new‚ more enticing identity. What makes Tom different
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by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom industry into profitability in the 90’s. • Telecom industry faced low margins and Bernie Ebbers decided growth=survival • During the 1990’s‚ WorldCom was deeply involved in acquisitions and completed several “mega-deals” • Purchased over 60 firms in 2nd half of the 90’s • WorldCom moved into Internet and data traffic – Handled 50% of US Internet
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fraud and destroyed investor confidence in corporate accounting. But the biggest collapse 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
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corporate scandals: Enron‚ Tyco‚ Global Crossing. In many ways‚ WorldCom is just another case of failed corporate governance‚ accounting abuses‚ and outright greed. But none of these other companies had senior executives as colorful and likable as Bernie Ebbers. A Canadian by birth‚ the 6 foot‚ 3 inch former basketball coach and Sunday School teacher emerged from the collapse of WorldCom www.scu.edu/ethics/dialogue/candc/cases/worldcom.html 1/7 7/22/13 WorldCom not only broke but with a personal
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that played their roles in the downfall of WorldCom. Mr. Bernard J. (Bernie) Ebbers‚ one of the founders of the original small long-distance carrier‚ was asked to take charge of the company during its early struggles. It was under his tenure that WorldCom began its expanding pursuits and aggressive acquisitions. Although Mr. Ebbers was he head of the company‚ their CFO‚ Scott Sullivan‚ was the person who actually handled the acquisitions. Under Mr. Sullivan’s questionable accounting techniques‚ WorldCom
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at hand. In 1983‚ two businessmen‚ Murray Waldron and William Rector laid out a plan to start a discount long-distance provider called Long-Distance Discount Service (LDDS). The company began in Jackson‚ Mississippi. In 1985‚ LDDS selected Bernard Ebber‚ who was an early investor‚ to become chief executive officer. LDDS went public in August 1989 when it acquired Advantage Companies‚ Inc. LDDS name was changed to LDDS WorldCom in 1995‚ which later became known as just WorldCom. During the 1990s‚
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