Buy custom Management Planning: WorldCom
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| Topic: |
Business
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| Number of pages / Number of words: |
5 / 1166 |
Essay's paper body
Illegal actions conducted at WorldCom produced short term gains at the expense of long term relationships. Chakraborty, Kurien, Singh, et al. (2004, p. 97) described this practice as "profits at any cost." WorldCom managers not only intentionally manipulated business transactions but also withheld information about shareholdings...
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These managers displayed greed and lied about the financial assets of WorldCom in order to gain additional executive compensation. WorldCom management made decisions that benefited themselves and the shareholders instead of recognizing all stakeholders within the company. These decisions needed to go beyond economic factors; WorldCom needed to use moral judgment...
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General points of the essay
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