7/22/13 WorldCom Search » Ethics Home Page About the Center Focus Areas Bioethics Business Ethics Campus Ethics Character Education Government Ethics Internet Ethics More... Publications Ethics Articles Ethics Cases Ethical Decision Making Videos Ethics Blogs Podcasts E-letter/Subscribe Contact Us Site Index WorldCom1 By Dennis Moberg (Santa Clara University) and Edward Romar (University of MassachusettsBoston) An update for this case is available. 2002 saw an unprecedented number of
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biggest corporate bankruptcy at its time. At its peak‚ Enron was America ’s seventh largest corporation. Enron gave the illusion that it was a steady company with good revenue but that was not the case‚ a large part of Enron’s profits were made of paper. This was made possible by masterfully designed accounting and morally questionable acts by traders and executives. Deep debt and surfacing information about hiding losses gave the company big problems and in the late 2001 Enron declared bankruptcy under
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CASE 3 : Accounting Fraud at WolrdCom Table of Contents Introduction....................................................................................................................... 1 Question 1 .......................................................................................................................... 2 Question 2 .......................................................................................................................... 4 Question 3 ..........................
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• Acquisition of firms with stable earnings and counter cyclical to those Cooper Industries (E.g. Investment in electrical business in 70s). • Acquisition of firms with high quality products & firms that were market leaders. • Focussing on products that served basic needs & were manufactured by proven technologies so that Cooper gained consistent earnings from stable markets with predictable growth. • Transferring proven practices around company rather
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Evaluation of learning activities helps us to know the strength and weakness of the activities. It helps to understand how well the children have understood the task. It helps us to know whether they have achieved the learning outcome of that particular activity. As stated earlier‚ it is important for the children to feel involved and challenged during the activity. If we feel that they are able to finish the activity very quickly or were feeling bored‚ then it is necessary to make it more engaging
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Introduction Cooper Industries was unsuccessful in acquisitions until it established a basic criteria for future acquisitions. That new criteria worked well‚ and when they went to acquire their fourth company since implementing their strategy‚ they faced fierce competition. They have to decide whether or not to pursue this company of interest‚ and then make an offer that will be selected over the others. Background Facts Cooper Industries is a manufacturer of heavy machinery. They began
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Introduction WorldCom‚ the telecommunications giant‚ once was the largest telecommunications company in the world‚ with more than $30 billion annual revenue‚ $104 billion in assets and more than 20 million customers. John Sidgmore (2002)‚ Ebbers’ successor after the scandal‚ said “WorldCom is a key component of our nation’s economy and communications infrastructure.” However‚ the giant collapsed in 2002. 1. The Main Issue: Earnings Management 1.1 Definition of Earnings Management A commonly acknowledged
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According to McCormick (2013)‚ the patient has the right of autonomy‚ nonmaleficence‚ beneficence‚ and justice. Patient autonomy allows the patient to “act intentionally‚ with understanding‚ and without controlling influences that would mitigate against a free and voluntary act” (McCormick‚ 2013). The patient was given autonomy through discussion with the midwife‚ neonatologist‚ and perinatologist assigned to her care and the patient was then allowed to decide the course of action to be taken. Nonmaleficence
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THOMAS R. PIPER Cooper Industries‚ Inc. In May 1972 Robert Cizik‚ executive vice president of Cooper Industries‚ Inc.‚ was reviewing acquisition candidates for his company’s diversification program. One of the companies‚ Nicholson File Company‚ had been approached by Cooper Industries three years earlier but had rejected all overtures. Now‚ however‚ Nicholson was in the middle of a takeover fight that might provide Cooper with a chance to gain control. Cooper Industries Cooper Industries was
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• Coopers strategy: Cooper Industries is a broad company that uses the M&A strategy of diversification by acquiring companies that posses their own strong assets and exhibit stable earnings. As stated by the Corporate Role the company’s acquisitions had guidelines of companies that served a broad customer base‚ had stable earning and proven manufacturing operations using well-known technologies and had brand name product from market leaders. • How does it create value: As stated by Cooper
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