WORLDCOM‚ INC: CORPORATE BOND ISSUANCE Introduction This case raises many interesting questions concerning the record setting issuance of corporate debt by WorldCom‚ Inc. (“WorldCom”). Both the surprisingly voluminous structure of the proposed issuance and the foreboding macro-economic climate in which it was slated spark concerns over the risk and cost of the move. One of the first questions that must be addressed is whether WorldCom’s timing was appropriate. Next‚ the company’s choice of
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someway of taking the tax income earned through alcohol‚ leading to income tax‚ during prohibition the influences for many pop culture icons like Al Capone or Izzy Einstein emerged‚ and afterwards‚ drinking declined. Daniel Okrent’s Last Call: The Rise and Fall of Prohibition details this rich history surrounding the Eighteenth Amendment including‚ the time leading up‚ what occurred during both socially and politically‚ and the aftermath. Orkrent is not kind to prohibition‚ he finds it to be a colossal
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Lessons from the Rise and fall of Enron”. Organizational Dynamics 32:2. pp. 193-206. Eisenberg‚ D. (2002‚ February 21). Ignorant & Poor? Time‚ pp. 37-39 Fox‚ Loren Gini‚ Al. (2004). Business‚ Ethics‚ and Leadership in a Post Enron Era. Journal of Leadership & amp; Organizational Studies Johnson‚ Craig Lorenzetti‚ M. 2002. Enron: Legislators‚ investors weigh effects on market. Oil & Gas Journal 100(5): pp. 31-34. McLean‚ B. & Elkind‚ P. (2003). The smartest guys in the room: The amazing rise and scandalous
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Birth of a Nation which‚ glorified the K.K.K The film created a new hope and vision for the Klan. This new KKK was headed by Hiram Wesley Evans until 1939. In 1944 the Klan was dissolved. In the early 1950s the civil rights movement triggered the rise of a new K.K.K. this new KKK will last up to the present. Even though they were not as large as the other Ku Klux Klans they were far harsher than the original KKK and have a different message that the first and second K.K.K in the United States.
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This study seeks to investigate the factors hindering the rise of women to leadership positions in educational management. A total of 250 respondents made up of teachers and educational administrators were selected to complete a questionnaire. The raw data consisting of 18 original factors were subjected to factor analysis with the view to identifying new composite factors that could explain the reasons why many women fail to make it to educational leadership. In all‚ seven factors were identified
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Assignment # 3 WorldCom Accounting Fraud By Mark A. Cowan Strayer University ACC 499- Accounting Capstone May 15‚ 2011 The purpose of this paper is to discuss the aspects of the WorldCom accounting scandal and the effects that this scandal had on the accounting world as we know it. We will discuss the corporate culture at WorldCom and how it contributed to the accounting fraud‚ how the CEO’s desire to be the #1 stock on Wall Street contributed to the fraud‚ pressures on accountants to book
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CASE STUDY ATPB 313 – Accounting Theory & Practice SEM 2 2013/2014 (100 MARKS -10%) Instruction: Answer all of the following questions (10 marks for each question). CASE STUDY 1 (50 marks) Title: Motivation for earnings management among auditors in Malaysia Farisha‚ H.‚ Hafiza‚ A. H.‚ and Zalailah‚ S. (2012). Motivation for earnings management among auditors in Malaysia‚ Procedia - Social and Behavioral Sciences‚ 65(3)‚ 239-246. Required: 1. In your own words‚ summarize the article
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CASE 4: ACCOUNTING FRAUD AT WORLDCOM Betty Vinson: victim or villain? Should criminal fraud charges have been brought to her? How should employees react when ordered by their employer to do something they do not believe in or feel uncomfortable doing? In discussing whether Vinson should been charged with criminal fraud‚ it can be analyzed from ethical perspective which can truly judge whether she was morally responsible for the wrong or not. In order to determine whether Vinson was morally responsible
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For more than eight months‚ from the start of spring training to the start of Game 7 of the World Series on Wednesday night‚ David Ross felt as if his baseball life had become the stuff of big-screen fiction‚ if not straight-up fantasy. At 39‚ he was playing in his final season in the major leagues‚ on a team‚ the Chicago Cubs‚ with aspirations to do what had not been accomplished by that franchise in 108 years: Win a championship. As the season progressed and the Cubs evolved into the best team
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THE MISTAKES OF JOHNSON AND JOHNSON: THE RISE AND FALL OF THE PALMAZ SCHATZ STENT Johnson and Johnson created a revolution in the treatment of coronary-artery disease by the introduction of a medical device called a stent. This device is inserted in blocked arteries and prevents them from closing once an operation is over. The premature closing is known as restenosis. The use of a stent almost eliminated restenosis and halved the long term failure rate. The hugely successful product helped J&J
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