Business Ethics And Worldcom
This paper will explain the fraudulent accounting practices that led to the collapse of Worldcom. Other objectives of this paper will be to demonstrate how these activities were able to go undetected. Also, what motives drove the individuals involved to commit these acts. And finally the ethical accounting issues involved.
Worldcom got its start as a small discount long distance provider in Mississippi. Founded by Bernard Ebbers and a number of others the idea for Worldcom was simple, buy long distance services from larger companies and then sell them off to small local ones. The idea worked and before long LDDS or Long Distance Discount Services, later to be called Worldcom was off and running. The company began acquiring small telecommunications firms and grew larger and larger. By 1995, Worldcom was one of the largest long distance providers in the world. As time progressed they acquired more then sixty companies, including MCI. The MCI take-over in 1997 cost over......
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Approximate Word Count: 3574
Approximate Pages: 15 (250 words per double-spaced page)
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