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In the end, through the filing of bankruptcy and all of the other legal issues, it also affected the employees through layoffs and such. However, the investors were the ones who lost their money invested into the company. The investors were the primary Stakeholders affected through this issue as well. The stakeholder issues involved the investors as though they were investing into the purchase of stock for the company while there were internal audits going on throughout the company. While the audits were going on, no one outside of the company knew what was going on.
I think the main business ethical issue in the Worldcom case was the false reports and the idea that issues were held "secret" from the investors...
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