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Worldcom

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Issue:

Business

 

Written by:

Ana C

 

Date added:

January 24, 2016

 

Level:

University

 

Grade:

A

 

No of pages / words:

5 / 1353

 

Was viewed:

6116 times

 

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Essay content:

Later a second report in 2003 found that during Ebber’s 2001 tenure as CEO, the company had over-reported earnings and understated expenses by an astonishing $74.5 billion dollars (Martin, 2005, para 3). This report included the mismanagement of funds, unethical lending practices among its top executives, and false bookkeeping which led to loss of tens of thousands of its employees...
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As the former CEO of WorldCom, Ebbers was accused of being personally responsible for the financial destruction of the communications giant. In July 2002, an internal investigation had uncovered $11 billion dollars in fraudulent accounting practices. A second report in 2003 found that during Ebber’s 2001 tenure as CEO, the company had over-reported earnings an understated expenses by an astonishing $74...
displayed 300 characters

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