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WorldCom's Bankruptcy

to find that the market was quickly glutted and could not sustain itself; the infamous "dot com boom" around the turn of the mille...

Analysis of the Merger Between WorldCom and MCI WorldCom

In six pages a SWOT analysis is performed on this telecommunications merger. Eleven sources are cited in the bibliography....

Bankruptcy and Consumer Chapter 7

In a paper consisting of fifteen pages Chapter 7 bankruptcy or the discharge of most consumer debts is examined and include its in...

The WorldCom Meltdown

thousands of businesses around the world" (Moberg and Romar, 2002). It also carried "more international voice traffic than any oth...

Irregularities in Accounting at WorldCom and Enron

savvy ways of getting things done. That is, until the fall of 2001. The nation, already shocked and stunned by the tragedy...

Accounting Questions

rules and audits the accounts. When looking at the failure of Enron it is these accounting standards that appear to fail. In looki...

Fraudulent Accounting Procedures at WorldCom and Enron

as CEO and Chairman on February 4, 2002; Jeffrey K. Skilling, former CEO and Director; Andrew S. Fastow, former chief financial of...

WorldCom and Enron

for bankruptcy due to its inability to hide such tremendous losses any longer. It took a matter of three month for the company to...

Legal Issues and Bankruptcy

In a paper consisting of twelve pages an overview of Chapter 11 and Chapter 13 differences, the Bankruptcy Code, and the Federal B...

Company Profile of Worldcom

million in order to settle claims when it defrauded the General Services Administration (GSA) (2004). That occurred between 1999 ...

Corporate Ethics and the WorldCom Example

Romar, 2007). During this time, it acquired 65 firms and spent close to $60 billion for the firms (Moberg & Romar, 2007). Unfortun...

WORLDCOM IMPLOSION, ORGANIZATIONAL CULTURE AND LEADERSHIP

in unethical behavior, mostly in the area of accounting (Scharff, 2005). For one thing, the company moved line costs (those...

WORLDCOM AND FRAUDULENT ACCOUNTING

2005). The result would be an increase in the current years EBIDTA (Scharff, 2005). The line costs, in fact, were the main ...

GM Changes

2008 brought about changes for many large organizations, especially those in the automotive industry. General Motors (GM) faced so...

Analysis of Opel

also a serious threat, in Opels core markets there are a number of stronger competitors, including Japanese automakers; Toyota, wh...

The Problem of Avoiding Bankruptcy

In 2012 more than 40,000 businesses in the US filed for bankruptcy. While there is a great deal of literature supporting successf...

United Airlines' Bankruptcy

by imposing exorbitant fares on battered road warriors" (Tully, 2002, 42). Because the airlines have continued to raise the ticke...

United Airlines' Value Chain

attention and of course operations is a leading factor in whether any organization achieves and retains success. Four other areas...

Consumer Debts and Chapter 7 Bankruptcy

In a paper consisting of fifteen pages Chapter 7 consumer debt bankruptcy are examined in this comprehensive overview that also di...

Bankruptcy and Financial Tools of Determination

is owed) that exceed assets (i.e., what is owned) is also likely to be tipped toward bankruptcy (BBC, 2001). This latter, which is...

Enron & WorldCom: Who Blew The Whistle?

agreement -- why should the whistle blowers? This is precisely how the handful of individuals felt when they learned their corpor...

ACCOUNTING FRAUD

this was that the collapse of these companies came down to the financials. The purpose of financial accounting is to develop repor...

Investment Questions; Regulation, Bonds and Risk

In the financial markets are regulated by the Securities and Exchange Commission (SEC). The principal purpose of the SEC is to "pr...

Planning at WorldCom

this had to be seen as objective, to ensure this was the case WorldCom hired an independent law firm; Gibson, Dunn & Crutcher LLP ...

Ebbers Behind Bars

prosecution witness and is "crucial to the prosecutions case," since he is the only witness who said that "he spoke directly to Mr...

WorldCom and Rising Auditing Standards

stock prices and other similar situations. When it is determined that an investigation should delve further into the busine...

Applications of Corporate Governance Issues to McBride Financial Services

in an accounting system that made many of the concealments that took place legal, or at least borderline, and the attitudes of tho...

Negative Aspects of the Sarbanes-Oxley Act

not been given any authority greater than that which resides in with the Security and Exchanges Commission (SEC), which can cause ...

Fraud - The Legal and Ethical Dimensions

fraud when accounting (Miller & Bahnson, 2005). In addition to the GAAP standards, some businesses, especially those outside the U...

Research Results: Have Attitudes Towards Whistle Blowing Change since Enron?

The writer analyses survey results provided by the student. The survey was undertaken to determine whether or not attitudes toward...