Essays Tagged: "WorldCom"
Worldcom Meltdown A current event speech. Describes the history of Worldcom and the downfall
or false and misleading accounting; the biggest and most extravagant being corporate telecom giant, WorldCom.The birth of WorldCom began in 1983 when two businessmen had an idea to start a long distan ... etromedia Communications through more stock deals. Within the year of 1995 LDDS changes its name to WorldCom. A large merger in 1996 sent MFS Communications Company Inc. and UUNet Technologies Inc. in ...
Subjects: Businesss Research Papers
The Film Wall Street Ethics Paper.
elated to Bud Fox. Finally, it will take a look at factors in the film that relate to the Enron and WorldCom cases.The film "Wall Street" is about Bud Fox, an ambitious rookie stockbroker and Gordon G ...
Subjects: Businesss Research Papers
Critically evaluate the role of the accountancy profession in recent corporate scandals such as Enron, Xerox and WorldCom.
the accountancy profession would play quite an important role in scandals such as Enron, Xerox, and Worldcom, as all they all deal with the financial accounts not showing a true and fair view the comp ... a set or determinable price, and an insurance that payment can be collected.' (Revenue recognition)WorldCom, the nation's second-largest long-distance phone company was also found guilty of accountin ...
Subjects: Businesss Research Papers > Accounting
The needs and implications of the Sarbanes-Oxley Act of 2002
cations of theSARBANES-OXLEY ACT OF 2002GENERAL BACKGROUNDThe Enrons and Worldcoms made it clear that the financial markets cannot be left under the tutelage of corporate di ... pose vehicles for $8.5 billion of deals to hide real level of debt" (Student Accountant 2002, p.9). WorldCom was alleged to have "treated over £3.8 billion revenue costs - network maintenance - as ca ...
Subjects: Businesss Research Papers
Corporate governance: Role of institutional investors
light as owners of the companies as well as monitoring authorities. The recent debacles like Enron, WorldCom, Aldelphia, and Tyco International have only reinforced the need for active institutional p ... revent such scams. However, it is not that the United States is free of scams. Right now the Enron, WorldCom issues are storming its markets and the new Sarbanes- Oxley Act is only the first one in a ...
Subjects: Businesss Research Papers > Markets & Exchanges
How Parmalat Went Sour
's the skinny on Europe's enormous financial scandalIn the wake of the financial scandals at Enron, WorldCom (MCWEQ ), and Tyco International (TYC ), European chief executives smugly insisted no such ...
Subjects: Businesss Research Papers
This essay is to do with accounting scandals, and what accountants are doing to change their image.
is an actual loss of funds. Accounting irregularities reported by Xerox, Enron, Global Crossing and WorldCom have raised the general awareness of accounting practices involving the recognition of reve ... tealing peoples money ever again, yet the only thing that's in his way is the bankruptcy protection.WorldCom is another major company known for a leader in business and residential communications serv ...
Subjects: Businesss Research Papers > Accounting
Sarbanes - Oxley Act of 2002 and the Effect on the Business Environment
ch more. This law was in direct response to the failure of corporate governance at Enron, Tyco, and WorldCom. The Sarbanes - Oxley seeks to bring back the confidence in all publicly held corporations ... ored it; it is how corporations will comply to this extensive piece of legislation.Enron, Tyco, and WorldCom all were under much scrutiny in the last couple of years because of personal loans given to ...
Subjects: Businesss Research Papers
Ethical Issue Analysis - The Sandy Berger Scandal
ess failures such as those at Enron, Adelphia Communications, Tyco, Martha Stewart Enterprises, and WorldCom (Alfred Smith, 2003, p.1). The new scandal in the news is in regards to Samuel Berger's con ...
Subjects: Businesss Research Papers > Case Studies
THE GREATEST ACCOUNTING SCAM
EOs are being demonized and blamed for the collapsing stock market Bubble. Exploiting the Enron and WorldCom bankruptcies, Washington DC has imposed the most sweeping accounting and securities laws si ...
Subjects: Businesss Research Papers > Marketing
Business Ethics make Good Business Sense
two decades preceding the revelations of creative accounting and outright lies by companies such as WorldCom and Tyco. Economies of other nations were directly affected by the unethical actions of a f ... e answer would be from a person like CEO of Tyco International, Dennis Kozlowski would say. Or what WorldCom CEO, Bernard J. Ebbers would reply to this question. The loans that B.J. Ebbers obtained fr ...
Subjects: Businesss Research Papers
Pathology of failure in governance VS the board's real strategic contribution.
in recent years since collapses and scandals occurred at some famed multinational firms like Enron, WorldCom, Adelphia, and Tyco in U.S.A, HiH in Australia, Brenner Vulkari and Metatlgesellschaft in G ... ) is especially important because it is not only pertaining to the recent malfeasances of Enron and WorldCom in U.S, but also it is influential to corporate reforms of other countries including the UK ...
Subjects: Businesss Research Papers > Management
Enron, WorldCom, HIH, Qantas NZ, etc-Corporate governance failure!
ernance failure since collapses and scandals occurred at some famed multinational firms like Enron, WorldCom, HiH, Tyco, Adelphia etc. over the past 2 years. These corporate events that took place in ... in recent business world owing to the collapses and scandals of many business magnets (e.g. Enron, WorldCom, HIH, Qantas NZ, etc.) has attracted a number of concerns of governments, organisations and ...
Subjects: Businesss Research Papers > Management
Business and Government Intervention of Business
ave been recently indicted including Bernie Ebbers who got 25 years for his role in the collapse of WorldCom. Adelphia founder and ex-CEO John Rigas received a sentence of 15 years.The government has ... a sentence of 15 years.The government has been intervening in business a lot recently. Between the WorldCom case, Enron and recently Tyco, the SEC has been working overtime. Without the government's ...
Subjects: Social Science Essays > Current Issues
Why has improved corporate governance become an increasingly important topic in recent years?
of the highly visible corrupt and unethical practices of large and global companies such as Enron, WorldCom and Parmalat, the Italian dairy conglomerate. These scandals had left stakeholders and gove ...
Subjects: Businesss Research Papers > Management
Review of Corporate Responsibility
following the collapses of such companies as HIH, One.Tel, and Ansett in Australia; and Enron, and WorldCom in the United States, this coupled with increasing public concern about the immoral actions ...
Subjects: Businesss Research Papers
US FIN 324 Ethics Article Review
cs have always played a large role in business, however since the highly publicized Enron, Tyco and WorldCom scandals, the importance of educating students on these ethics have come to the forefront a ... Act has made an impact on most organizations, including Honeywell, in the wake of the Tyco, Enron, WorldCom scandals, financial ethics are now regular policies and procedures in our everyday business ...
Subjects: Businesss Research Papers
US FIN 324 - Internal Controls Paper
ver, since the large organizational scandals that have taken place at Enron, Tyco International and WorldCom and companies like them, the government has stepped in and created legislation under the Sa ...
Subjects: Businesss Research Papers > Management
Ethics in Accounting
When one sees headlines of stories such as Enron, HealthSound, WorldCom scandals, and other large corporations employees under investigation for securities fraud a ... the regulations, and who enforces them. As we see influential people convicted in the news such as WorldCom's CEO Bernard Ebbers ( Diana p.24) and Martha Stewart it brings to mind the accountability ... s it is time for a change. The publicity caused by Enron, Aldelphia Communications, HealthSouth and WorldCom, prompted congress to respond with SOX, as its answer to help ensure accountability to the ...
Subjects: Businesss Research Papers > Accounting
Mergers and Acquisitions Paper: Financial Analysis for Managers II. FIN/325
Dominio, March 2000), was an auger of things to come. The year 1998 saw the US$37 billion merger of WorldCom and MCI Communications, which then merged with Sprint in a US$129 billion deal, (Wikipedia, ... 2006) and the CDN$9.9 billion purchase of Bay Networks by Nortel. Both proved to be ill fated. MCI WorldCom declared bankruptcy a few years later and was purchased by Verizon for a mere US$7.6 billio ...
Subjects: Businesss Research Papers > Management