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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Information This report details the rise and collapse of WorldCom Group: this telecommunication giant employed 60‚000 individuals and had over $104 billion in assets. However‚ most numbers were deliberately misstated in order to maximize income and survive in the global stock market. WorldCom dates back to 1983 when in split up from AT&T to create a separate entity in order to take over the Southern states telecommunication markets. WorldCom focused on providing Long Distance Discount Services (LDDS)
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“Shell’s” by Cynthia Rylant is a realistic fiction short story about a teenage boy that has lost his parents and he needs a friend‚so he buys a hermit crab. He lives with his aunt Esther‚she seems like a mean stubborn old lady in the beginning but she turns out alright. But sometimes you have to get out of your shell to realize how you really feel. In the beginning Michael was so lonely and his aunt did not seem to care‚ but in the inside she really does. because in paragraph 40 Aunt Esther
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Papa’s Parrot: Response to Literature In Cynthia Rylant’s short story‚ “Papa’s Parrot‚” the main character‚ a 12-year-old boy named Harry Tillian who can’t seem to spare the time to visit his papa at the family candy store during the afternoons. I firmly believe that the message in this story is to always appreciate the people around you before it’s too late. The story begins with Harry and his friends visiting his father’s candy shop everyday after school. However‚ once Harry grew older
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How can managers promote innovation unwelcome surprises? Control in an Age oj by Robert Simons A fundamental problem facing managers in the 1990s is how to exercise adequate control in organizations that demand flexibility‚ innovation‚ and creativity. Competitive businesses with demanding and informed customers must rely on employee initiative to seek out opportunities and respond to customers’ needs. But pursuing some opportunities can expose businesses to excessive risk or invite behaviors
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and the tactics and behaviors that would ultimately lead to the downfall and closure of the company. One of the most famous was Enron‚ but another well known failure was that of WorldCom. WorldCom was a big player in the telecommunications industry‚ being the largest telecom carrier of Internet traffic. In 2002‚ WorldCom joined the ranks of failed companies mostly because of the tactics that management and its accountants used to show that the company was earning more money than it was. This was
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Management Planning Paper Vernita M. Blacksher Introduction: We will be evaluating the planning function of the upper level management of the Company formerly called WorldCom. We will look at some of the actions taken by upper level management‚ their decision making and what actions were taken to achieve short-term goals. We will be analyzing the influence legal issues‚ corporate social responsibility‚ and ethics had on WorldCom’s management planning
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Martin Cooper (inventor) From Wikipedia‚ the free encyclopedia Martin Cooper Cooper‚ 2010 Born December 26‚ 1928 (age 85) Chicago‚ Illinois‚ U.S. Residence Del Mar‚ California‚ U.S. Nationality American Education Illinois Institute of Technology (B.S.E.E.; M.S.E.E.) Occupation Inventor Entrepreneur Executive Employer Motorola Founder & CEO of ArrayComm Co-Founder & Chairman of Dyna LLC Known for Inventing the handheld cellular Mobile phone. Making world ’s first handheld cellular
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The Accounting Scandal Enron Corp. Collapse and WorldCom Accounting Scandal 11/18/2020 The Enron Corp. collapse Formed in 1985 from a merger of Houston Natural Gas and Inter-north‚ Enron Corp. was the first nationwide natural gas pipeline network. Over time‚ the firm’s business focus shifted from the regulated transportation of natural gas to unregulated energy trading markets. The guiding principle seems to have been that there was more money to be made in buying and selling financial
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Introduction I read the book‚ Rules‚ by Cynthia Lord. It is a realistic fiction book published in 2006. It won the Newberry Honor Award in 2007. Main Character Catherine is a sensitive‚ compassionate‚ 12-year old girl. Her brother is David‚ who is autistic. She doesn’t like the things that he does. Even though she doesn’t like what he does‚ she protects him‚ defends him‚ and stands up for him. One time‚ Ryan was giving gum to his friends‚ and when it was David’s turn‚ Ryan gave him an empty wrapper
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