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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The Progressives were a diverse group of people that wanted to offer practical solutions to the social problems that were associated with industrialization and urbanization. Progressives opposed laissez-faire economics‚ which led to a new movement to allow government and private groups to intervene and regulate business firms and private individuals for the good of society. In addressing these problems‚ Progressives organized their ideas and actions around three main goals. They sought to end
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Honors World History 21. Mai 2008 The Life of Genghis Khan Genghis Khan was born in 1167 under the name Temüjin in the steppes of a Mongolian family. His father Yesugei‚ the chieftain of the sub Mongolian Kiyat clan‚ dead from being poisoned by the Tartar tribe. He swore to take revenge on the tribes who killed his father. When he claimed to succeed his father as chieftain the elders abandoned him and his family. Temüjin had a hard time‚ because he was from a royal line‚ finding confidence in
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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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Ayusarita Satriani 311368 – IUP BUSINESS UGM Financial Management ENRON Resources: http://en.wikipedia.org/wiki/Enron_scandal ; http://news.bbc.co.uk/2/hi/business/1780075.stm; http://finance.laws.com/enron-scandal-summary Enron is an energy company that successfully grew from nowhere to be America’s seventh largest company‚ which has 21‚000 staff in more than 40 countries in 15 years. It was one of the world’s leading electricity‚ natural gas‚ communications‚ and pulp and paper companies
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tools required to act ethically. When an individual is asked to do something that they may even suspect would be detrimental to their livelihood‚ then they have all the rights given to them to not follow through with that action. In the case of Betty Vinson of WorldCom‚ while she had the clear understanding that her actions were wrong‚ she clearly kept personal financial safety ahead of her moral and ethical standards. This eventually translated into an even more detrimental result‚ which was jail time
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Executive Summary: Falls in the hospital are the major cause for the morbidity and the mortality in the elderly population. Falls among the elderly is increasigly being recognised and it is a major concern for the developed as well as the developing country. The purpose of this paper is to descibe the epidemiology of fall in the elderly in the hospital ‚ incluidng the charateristics‚ circumstances and fall related related injuries. The focus of this program is to support the staff in identifying
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The Rise and Fall of Crooks In chapter 4 of mice and men‚ John Steinbeck first begins to really introduce the character known as Crooks. He is a stable buck who is treated poorly simply because of his race. Throughout Crooks’ time at the ranch‚ he is generally shunned from the other workers with the exception of Slim. This all changed however in chapter 4 when Lennie stumbles into his room looking for something to do. This of course‚ led to the rise and fall that Crooks went through that day.
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“The Tide Rises‚ The Tide Falls” written by Henry Wadsworth Longfellow and was a poem I wanted to write about because it intrigued me by all the figurative language. What I like about this piece of writing was the fact that he used different objects in the poem that represent meanings from actual aspects of life. This poem relates to today’s world because it explained the ups and downs of life and it’s a representation of the circle of life. It relates to all of us now in the world we live in because
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WorldCom Scandal A summary of WorldCom fraud would include having to describe the greed that would eventually destroy one of the largest communications companies in the United States and world. A humble motel owner‚ Bernard Ebbers took a small long distance company in 1983 and turned it into one of the most successful businesses in the country. It was not so much the business operations that caused the company to grow but the aggressive acquisitions that made the company grow. In its day‚ CEO Bernard
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