Worlcom

WorldCom Egypt Grandison LDR/531 June 14, 2010 Professor Lisa R. Cook WorldCom WorldComs former name; Long outmatch Discount Services, was a major international telecommunications carrier; founded in 1983 by Bernard Ebbers in Jackson, Mississippi. In1997 WorldCom merged with Brooke Fiber and then acquired MCI, qualification it the second largest long distance carrier in pop together States (Answer.com, 2010). According to J unrivaledsington (2007), in 1999 and continuing through 2002 WorldCom used wary accounting methods, to mask its declining financial conditions by falsely business financial growth and profitability to increase the price of WorldComs stock (p.1 para 2). The first discovery of possible ill-gotten activity was by the companys audit part uncovering $3.8 billion in June 2002. July 2002, WorldCom filed for Chapter 11 loser protection, the largest such filing in United States history. The company emerged from Chapter 11 bankruptcy in 2004 with about $5.7 billion in debt. At exsert count, WorldCom has yet to pay its creditors, many of whom have waited years for the silver owed (p. 2 para 1).

There are specific organisational theories that could have predicted or explained the companys failure one being (a) organic lawal behaviour (b) improving ethical behavior, (c) deviant workplace behavior. Robbins and Judge (2007) stated, Organizational behavior (OB) is a arena of study that investigates the impact that individuals, groups, and structure have a behavior within organizations, for the purpose of applying such knowledge toward improving an organizations effectiveness (p. 9). Improving ethical behavior In an organizational world characterized by sawn-offbacks, expectations of increasing workers productivity, and tough competition in the market place, its (try not to use contractions in donnish writing) not altogether surprising that many companies feel pressured to cut corners, break rules, and engage in other forms of questionable... If you want to get a full essay, order it on our website: Orderessay

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