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
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Mission Statement and brief background about WorldCom. Briefly explain how WorldCom did not honor their statement. WorldCom - "our objective is to be the most profitable ‚ single source provider of communications services to customers around the world. Unstated Mission - Increase shareholder value." WorldCom’s mission statement neatly encapsulated aspirations and strategies to be the leading facilities-based provider of end-to-end Telecommunications and Internet services to business customers
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securities fraud‚ however they defended themselves to say that they were forced to cover things up by other top officials. As reading through the questions given in class it was hard to completely gather all thoughts into one area. We know that World Com is a for profit organization that provided telecommunications to
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September 6‚ 2014 Shannon Troutman Discussion 2.1: American Greed: Inside the WorldCom Scam Title: Pointing the Finger Question: The corporate scandal involving WorldCom regrettably illustrates improper cost transfers designed to achieve higher profit levels. WorldCom did not transfer the cost from leases from the balance sheet to the income statement as quickly as they should have. This had the effect of overstating assets on the balance sheet and net income on the income statement. Please watch this
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directly influenced the actions of controller David Myers and director of general accounting Buford Yates. Most of the instructions to incorrectly adjust the financial information came directly from Sullivan‚ Myers and Yates. Lower level employees such as Betty Vinson and Troy
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Keller‚ Inc. Imperative actions for company public relations and success Jessica Johnson November 25‚ 2010 COM/530 - Communications for Accountants Thornton Keller Keller Inc Announces CFO Resignation and SEC investigation Boise‚ ID‚ November 26‚ 2012‚ Keller Inc. (NASDAQ KIR)‚ a software development firm‚ announced today that Kathryn May‚ Keller‚ Inc.’s Chief Financial Officer‚ has notified the Company of her resignation. Ms. May’s unexpected resignation comes as a sad message
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corporate strategic planners across the world. What is the impact of globalization and the internet on the corporate world? Explain the important role of strategic planning in today’s competitive business world in light of these two forces. The internet and globalization has had a great impact on the corporate world. Corporations can now move across borders much easier. The internet and globalization has made it possible to be able to move funds across the world very quickly. Corporations
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WorldCom: internal audit lessons to be learnt On June 9 2003‚ the U.S. Bankruptcy Court of New York issued a report on the WorldCom accounting fraud that expands on the court’s earlier findings of mismanagement‚ lack of corporate governance‚ and concern regarding the integrity of the company’s accounting and financial reporting functions. Supervised by former U.S. Attorney General Richard Thornburgh‚ the study was commissioned by the court to investigate allegations including fraud‚ mismanagement
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The Strategic Development of Mid-Level Talent (A Project on MakemyTrip.com) Prof. Jenny Benoy and Ms.Apeksha Poojary KEYWORDS: Talent pipeline‚ Talent Management‚ Strategic Development ABSTRACT: Organisations are made up of people creating value through proven business processes‚ innovation‚ customer service‚ sales and many other important activities. As an organization strives to meet its business goals‚ it must make sure that it has a continuous and integrated process for recruiting
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Work Group Project Report As a mid-level manager at BP‚ your responsibilities are both unique and important. A mid-level manager oversees employees of the organization and ensures that these employees are working toward the goals of the entire company. Even though a mid-level manager is not as highly touted as CEO or Vice President‚ this position is very crucial to the overall success of the company. The obligations of a mid-level manager are to focus‚ align‚ support‚ and build. Focusing the
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