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Verizon Business
P/F/463. WorldCom fraud: history, analysis, solutions
- WORDS:
- 4000
- DATE:
- 2006
- PRICE:
- 49.99 GBP
The paper examines the accounting fraud in WorldCom, an American telecommunications company now known as MCI, reporting on the companys background, the history of hiding their financial losses, the individuals responsible for the fraud, the business and professional problems faced by WorldCom, the effects of the companys bankruptcy on the stakeholders, the ethical values violated by the company, etc. The actions of the top management in overcoming the crisis are discussed in the context of various theoretical approaches offering solutions for coming out of the crisis.
KEYWORDS: WorldCom, telecommunications, fraud, bankruptcy, ethical values,
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