Here is the synopsis of our sample research paper on Corporate Ethics and the WorldCom Example
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Essay / Research Paper Abstract
This 6 page paper contends that WorldCom let employees and investors down by fudging figures and glossing over problems. WorldCom is a good example of what can go wrong with large corporations. The details of the case are relayed. Corporate ethics are discussed in general as well. Bibliography lists 5 sources.
Page Count:
6 pages (~225 words per page)
File: RT13_SA726WC.rtf
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Unformatted sample text from the term paper:
figures and glossing over problems. This is a serious concern because oversights and purposeful misreporting tears away at the public trust in the corporation. Also, the fact that WorldCom was
a large, significant company adds to the ethical concern. If the public cannot trust these large firms, then what companies can they trust? Longenecker, Moore, Petty, Palich & McKinney (2006)
write: "In the wake of recent, well-publicized ethical failures, public attention and the concern of leaders in business and government have focused on the moral climate of corporate America. This
awareness and concern is raising expectations for ethical behavior, including those codified into law ...and creating societal pressures for reform" (p. 167). Indeed, people are tired of the status quo.
They are demanding that politicians be honest and that corporations give their workers their due. Things have died down somewhat since these large meltdowns, but people are hesitant to trust
again, despite the fact that new rules have been created. WorldCom is a good example of what can go wrong with large corporations. What did WorldCom do? First,
it should be said that WorldCom was an industry giant. It began as a major player in telecommunications during the 1990s (Moberg & Romar, 2007). During this time, it acquired
65 firms and spent close to $60 billion for the firms (Moberg & Romar, 2007). Unfortunately, these acquisitions quickly piled up debt to the tune of $41 billion (Moberg &
Romar, 2007). From the outside, things looked good and WorldCom was a major player in the industry. It showed its prowess by buying up companies. In 1997, the stock rose
quite a bit and Wall Street loved WorldCom stock. All was good for awhile. However, WorldCom was reporting their numbers with quite a liberal interpretation (Moberg & Romar, 2007). They
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