Enron and WorldCom FIN/486 December 22‚ 2014 Enron and WorldCom In 1998‚ Waste Management executives acknowledged earnings misstatements of approximately $1.7 billion. With the help of the Arthur Anderson accounting firm‚ Waste Management shareholders lost more than $6 billion dollars (CNN‚ 2001). The Waste Management corruption ushered in a series of corporate scandals into the new millennium. Enron and WorldCom were only two of many ethical and accounting violations that prompted new legislation
Premium Enron Enron scandal
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
Premium Genghis Khan
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
Premium
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
Premium Management Leadership Corporate governance
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
Premium Bernard Madoff Fraud Ponzi scheme
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
Premium Morality Ethics Jean Piaget
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.
Premium Of Mice and Men Great Depression John Steinbeck
“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
Premium Poetry Stanza Life
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
Premium Patient Health care Nursing
The Rise and Fall of the Housing Market Edward Maher University of Maryland University College ECON201 August 18‚ 2011 Introduction The collapse of the housing market had far and wide ranging effects in the economy of the United States. While the effects were felt throughout the country‚ California‚ Florida‚ New York‚ Michigan‚ Illinois were dealt devastating blows to their respective economy. Throughout the country‚ foreclosures rose to staggering numbers and jobs lost were in the millions
Premium Subprime mortgage crisis Mortgage Real estate