Accounting Fraud at WorldCom LDDS began operations in 1984 offering services to local retail and commercial customers in the southern states. It was initially a loss making enterprise‚ and thus hired Bernie J. (Bernie) Ebbers to run things. It took him less than a year to make the company profitable. By the end of 1993‚ LDDS was the fourth largest long distance carrier in the United States. After a shareholder vote in May 1995‚ the company officially came to be known as WorldCom. WorldCom culture was
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The Catalyst to the Korean War It is often thought of‚ as the “Forgotten War”‚ the Korean War took place between the years 1950-1953. Korea was a frequently fought-over peninsula in the late 19th century and early 20th century. Korea was dominated by China as a tributary nation for centuries‚ fought over by China and Japan in the first Sino-Japanese War (1894-1895) and fought over again by Japan and Russia in the Russo-Japanese War (1904-1905)‚ both wanting it for colonization. It was annexed
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A phase transfer catalyst or PTC in chemistry is a catalyst which facilitates the migration of a reactant in a heterogeneous system from one phase into another phase where reaction can take place. Ionic reactants are often soluble in an aqueous phase but insoluble in an organic phase unless the phase transfer catalyst is present. Phase transfer catalysis (also PTC) refers to the acceleration of the reaction by the phase transfer catalyst. Phase transfer catalysts for anion reactants are often
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Case Study The Rise and Fall of WorldcomThis case study is about Bernard Ebbers CEO of Worldcom‚ Inc. and Scott Sullivan CFO of Worldcom‚ Inc. once they were boosted the company growth and they got awards. Later on they made frauds by using their influential tactics on employees and company’s board. Those are Assertiveness: it involves applying legitimate and coercive power to influence others by threatening or giving punishment. This tactic was used by sullivans office where they berated and intimidated
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Oratorical Piece Theme: “Students as Catalysts for Peace” Friends‚ let me begin by quoting you a line lifted from Eleanor Roosevelt. “It isn’t enough to talk about peace. One must believe in it. And it isn’t enough to believe in it. One must work at it.” This ladies and gentlemen challenges Juan De la Cruz‚ the majority common Filipino people. And what is more moiling to this are the sweet and sour additives and influences of the society. My friends‚ as we all know Philippines is somehow ignorant
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Kindness – “Catalyst for Change” “Being different is a good thing‚ it means you are special‚” was the phrase I use to hear a lot from my parents growing up. Being one of the few Filipinos among a predominantly white community‚ especially in school‚ it was only a matter of time before I was being confronted with a question about my race. I became conscious about how others identified me. I became aware of my own actions when interacting with others of a different race. I learned that I have to
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In the novel Catalyst by Laurie Halse Anderson‚ there are three main sections‚ Solid‚ Liquid‚ and Gas. The main character‚ Kate‚ is very interested in science and the three titles are a metaphor for her state of mind throughout the book. The first section‚ Solid‚ shows how Kate is a stable and strong person. The next section‚ Liquid‚ is a time where Kate’s life is very inconsistent and she is unsure about herself. The last section‚ Gas‚ shows how Kate has accepted her fate and tries to help everyone
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Medea Revenge is the action of inflicting hurt or harm on someone for a wrong suffered at their hands. It is seen as a ‘wild justice’‚ and as revenge is entertaining (also allowing us to consider our own morals and beliefs) it is an enduring interest in literature. The desire for revenge is an evolved outgrowth of our human sense of unsatisfied reciprocity. Revenge has been evident in the early years of human life. For many tribal cultures‚ is one member of the family was killed or injured‚ it
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Accounting Fraud at WorldCom Vanessa Gail Woods Strayer University Connor-Green/ACC 576 March 21‚ 2010 Accounting Fraud at WorldCom The break up of AT&T opened the long distance service market to small companies during the mid- to late-1980s and 1990s. Long Distance Discount Service (LDDS) opened in 1983 with moderate growth until its stock went public in 1989. CEO Bernie Ebbers decided to grow the organization through acquisitions (70 companies over the course of its lifetime)
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can be very easily become a disaster in wake of commonsense decisions gone wrong. This research paper is based on decisions being made in unethically manners that in the long run caused three of the largest corporate scandals of Enron‚ Tyco‚ and WorldCom. Before filing for bankruptcy in 2001‚ Enron Corporation was one of the largest integrated natural gas and electricity companies in the world. It marketed natural gas liquids worldwide and operated one of the largest natural gas transmission systems
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