MCI Communications

Beginning of a Whistleblower Bernie Ebbers, Scott Sullivan, and other members of top management intentionally led Mississippi’s pride and joy, WorldCom, on a 5-quarter charade filled with smoke, mirrors, and much intimidation. They did it hotly pursuing success, monetary gain, and the praise of their fellow statesmen. They did it by abusing work relationships and intimidating employees with promises and threats. Ultimately, they ended up “losing their footing” which caused them and, in turn, others

The case discusses the accounting frauds committed by the leading US telecommunications giant, WorldCom during the 1990s that led to its eventual bankruptcy. The report provides a detailed description of the growth of WorldCom over the years through its policy of mergers and acquisitions. The case explains the nature of the US telecommunications market, highlighting the circumstances that put immense pressure on companies to project a healthy financial position at all times. The case provides an

Having lived, and grown up in a small Oregon town, my educational background was similar to most with a public high school education during the early 1980’s. The school did not offer advanced placement courses, but the experience was positive, and many of my classmates would go on to college, graduate with advanced degrees, and become successful in their chosen fields. There was not one singular event that prevented me from on time graduation at a university, rather, it was a series of decisions

United States dues to the managing of CEO Bernie Ebbers. There were 85,000 workers at its highest with an existence in more than 65 countries. The loss of MCI/WorldCom was the direct result of the behavior of WorldCom's senior managers. “The telecommunications industry merged further as Verizon acquired MCI/WorldCom and SBC Communications acquired AT&T Corporation.” (Eichenwald, 2002) The wrinkle effect of WorldCom's end goes far beyond one specific company and several senior managers. It had

in 1983 under the name as “Long Distance Telephone provider called Long Distance Discount Services, Inc. (later part of a holding company called LDDS Communications, Inc.). LDDS became a public company in 1989 through a merger with Advantage Companies, Inc.”(Report of Investigations). LDDS competed with major long distance carriers such as AT&T, MCI, and Sprint; they grew steadily “purchasing small long distance companies throughout the early 1990s”(Report of Investigations). Between the years of

four huge carriers. Their intent is to offer an impressive array of long-distance, local, Internet, and wireless services to consumers and businesses. An example would be that of MCI WorldCom Inc. which has recently reached an agreement to acquire Sprint Corp for an estimated $115 billion in stock. This deal between MCI WorldCom and Sprint represents the largest takeover in history, and would create the world 's biggest telecommunications company. This deal brings together the second and third largest

fraud, WorldCom fraud was the simplest to commit. WorldCom, now known as MCI and acquired by Verizon Communication since 2006, was founded in 1983 to create a discount long-distance provider. The company grew very rapidly in the 1990s due to several large acquisitions. (Beresford, Katzenbach, & C.B. Rogers, 2003) WorldCom completed 3 mergers in 1998 and one of the merger is largest at that time which is purchasing MCI Communications Inc. for $40 billion. WorldCom also merged with Brooks Fiber Properties

2001 marked the year for the occurrence of one of the largest scandals in accounting history. The scandal overall stunned the accounting economy. The former CEO of WorldCom, Bernie Ebbers was the prime individual to blame for the scandal. Consequently, Bernie Ebbers’ costed the company more than $3.8 billion in expenses, with over 17,000 employees losing their jobs, including the CFO, and COO (Hancock, 2002). Though it has been more than a decade, the impact of the WorldCom Scandal on the accounting

It owned a 45,000 miles nationwide network and provided cellular data, Internet besides widespread phone services. It handled 50 percents of US Internet and 50 percent of all E-mail services over the world. After bankruptcy, MCI, the merger of WorldCom and MCI Communications corporations at the price of $37 billion, continued WorldCom’s

On December 8th, 1983 a telecommunication, media broadcasting, phone service provider known as WorldCom was planned. WorldCom has had many names throughout it production. For example, LDDS (Long-Distant-Discount-Service), and also now it's known as MCI. WorldCom is known for its accounting flaws and being a business who was a scandal business in the end. Due to the unthoughtful decisions WorldCom made they were responsible for many people losing their jobs, and many key employees were charged with