Worldcom Fraud

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Worldcom Fraud TABLE OF CONTENTS WORLDCOM MISSION STATEMENT..........................................PG. 3 THE ETHICAL PRINCIPLES AND TENETS OF WORLDCOM ............PG. 4 THE BEHAVIOR OF WORLDCOM ADMINISTRATORS ....................PG. 5 WAS CYNTHIA COOPER A HERO?.............................................PG. 6 WHAT WORLDCOM DID NOT RECOGNIZE .................................PG. 7 THE CONCLUSION..................................................................PG. 8 WORKS CITED.......................................................................PG. 9 Mission Statement, background and how they did honor their statement WorldCom mission statement is to “Create a competitive advantage for WorldCom and contribute significantly to WorldCom's business success by promoting business practices that provide greater opportunity for a diverse supplier base." WorldCom was a company solely based on personal profits. There unethical practices were created to keep the company performance at an all time high. WorldCom was the world’s second long distance company. The company started in Missouri providing telecommunications locally. As the company grew, they began internet, international and global telecommunications. WorldCom had profits merely 32 billion dollars annually. WorldCom merged with MCI IN 1998 now becoming MCI WORLDCOM. WorldCom did not value their Mission statement because they did not provide greater opportunity to anyone other than themselves. The CEO’S profited and misleads their investors. WorldCom would have been able to supply a diverse base if the company would have focused more on the services they offered opposed to money they were stealing. WorldCom had the leading technology, res... ... middle of paper ... ...hows you what the influence of greed and moral weaknesses can do. All companies can benefit from this book, because within every company there is someone who has that has that desire. Lastly, many people could argue that this is only her point of view. But, no matter what they think, the falsified documents show it all. Works cited Cynthia Cooper, Extraordinary Circumstances, Hoboken, NJ John Wiley & Sons, Inc 2008 WIKIPEDIA http://en.wikipedia.org/wiki/MCI_Inc. Dennis Moberg and Edward Romar. "Worldcom1" SANTA CLARA UNIVERSITY 2003 http://www.scu.edu/ethics/dialogue/candc/cases/worldcom.html Russ McGuire, “WorldCom Deadly Culture” World Net Daily June 17, 2003 http://wnd.com/news/article.asp?ARTICLE_ID=33111 Luisa Beltran“WorldCom files Largest Bankruptcy Ever” CNN MONEY July 19, 2002 http://money.cnn.com/2002/07/19/news/worldcom_bankruptcy/

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