WorldCom Failure in relation to its Organizational Behavior LDR/531 - Organizational Leadership October 7‚ 2010 WorldCom Failure in relation to its Organizational Behavior INTRODUCTION Year 2002 saw an unprecedented number of corporate scandals: Enron‚ Tyco‚ Global Crossing‚ etc. In many ways‚ WorldCom is just another case of failed corporate governance‚ accounting abuses‚ and outright greed. Many people may question if there is a secret to operating a successful business in modern times.
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Justine Falls was 16 years old; five years junior of her heraldic heroine of music. She was convinced she would be the next Icecilee Marshall. Justine (Tine as her 3 best friends called her); would have no problem singing for them‚ whenever they gathered together. They would challenge her to "hit that note of Ice’s" and after a few tries she would come pretty close‚ but no cigar. Today Justine was "nailed to the cross" with her younger brother Jacob she lamented; to Pure the closest to her
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The Rise and Fall of the Great Powers - Economic change and Military conflict from 1500 to 2000 By Paul Kennedy Fontana Press‚ London‚ 1989. This fascinating book by Paul Kennedy‚ a professor of history at Yale University‚ is about the changing balance of power in the past 500 years. The book explains the interaction between economics & strategy and relates military conflicts to economic progress. As the author puts it‚ “Wealth is usually needed to underpin military power and military power
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M1. Case Study Assignment: Fraud at WorldCom 1. Who were the major characters in WorldCom? There are a couple of major characters 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
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The Rise and Fall of the Federalist Party George Washington’s Farewell Address was written to the people of the United States at the end of his second term as President. He wrote this as a result of his experiences‚ what he noticed‚ and saw while in his term. And he wanted to help out the next president that was coming into office. There was 6 themes that was part of the Farewell Address: extolls the benefits of the federal government‚ warns against the party system‚ stresses the importance of
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AVOIDING INVESTMENTS IN FRAUDULENT COMPANIES: THE WORLDCOM FRAUD Introduction The purpose of this report is to investigate and discuss the accounting fraud that occurred at WorldCom in order to recommend improved strategies to Berkshire Hathaway’s management for avoiding investments in companies with fraudulent financials. Accounting fraud is a crime committed by high level employees at an organization to manipulate the organization’s financial statements and intentionally disguise company
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The rise and fall of ABC Learning Q1: The aspects of the business strategy of ABC Learning resulted in increased business risk for the company including: the rapid expansion of market share‚ over-indebt‚ and blinding overseas investment. Rapid expansion of market share: ABC‚ which at its peak had almost 2200 centres in four countries‚ also had a flawed strategy to handle significant and rapid growth. When A.B.C. Learning Centers listed on the stock exchange in March 2001‚ it was a tiny operation
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Muskrat Falls is a complete waste of time‚ money‚ and Newfoundland’s resources. The previous statement is the opinion of many Newfoundlanders across the island‚ but I would respectfully disagree. Muskrat Falls will not only be a milestone in Newfoundland and Labrador’s history‚ but it will lower electricity costs‚ create safe green energy‚ and pay for its self once it is operational. The common unfavorable opinion of the Lower Churchill project can be summed up to a lack of understanding of how this
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The WorldCom Fraud © 2003‚ 2005 by the AICPA This presentation is intended for use in higher education for instructional purposes only‚ and is not for application in practice. Permission is granted to classroom instructors to photocopy this document for classroom teaching purposes only. All other rights are reserved. Copyright © 2003‚ 2005 by the American Institute of Certified Public Accountants‚ Inc.‚ New York‚ New York. WorldCom’s Background • Awoke the sleeping giant by leading the telecom
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The Cities of ancient times are a wonder to us. How did they flourish? What did they do to survive? What technology did they learn and use? It is all these things that we search for when we try to uncover how the past led to the people of the present. Here we’ll learn what the Shang Dynasty of China was‚ what they accomplished‚ what problems occurred‚ and finally what became of them. The Shang Dynasty‚ or Yin Dynasty‚ was the first real historic Chinese Dynasty. It existed from around
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