Worldcom

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Title: Worldcom

Essay Details:

Subject: Business

Author: Stewart W

Date: October 3, 2015

Level: University

Grade: A

Length: 5 / 1353

Essay text:

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. On March 15, 2005 Bernard Ebbers sat in a federal courtroom waiting for the verdict. As the former CEO of WorldCom, Ebbers was accused of being personally responsible for the financial destruction of the communications giant...

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