Here is the synopsis of our sample research paper on The WorldCom Meltdown
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Essay / Research Paper Abstract
This 10 page paper discusses WorldCom: the company’s history, the way it operated, how it got into trouble, who was instrumental in exposing fraud, and whether a similar company (Comcast) might also follow WorldCom’s terrible example. Bibliography lists 8 sources.
Page Count:
10 pages (~225 words per page)
File: D0_HVWldCom.rtf
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Unformatted sample text from the term paper:
This paper gives an overview of WorldCom; its ethical (or in this case unethical) practices; the lawsuits involved in prosecuting this case; the company whistleblower; and finally compares WorldCom to
Comcast, another telecommunications company. Discussion WorldCom, like Enron, was considered a model company: hard-charging, innovative, and generating huge profits. Unfortunately, also like Enron, WorldComs apparent success depended on unethical business
practices; specifically, its accounting operation was unethical. WorldCom began in 1983 as a small long distance discount provider headquartered in Mississippi; it was the idea of two businessmen, Murray Waldron
and William Rector, who called the company LDDS for "Long-Distance Discount Service" (The rise and fall of WorldCom, 2005). In 1985, Bernard Ebbers, who was one of the earliest investors,
becomes CEO of LDDS (The rise and fall of WorldCom, 2005). In 1989, LDDS acquires Advantage Companies and goes public; then in 1992, "LDDS merges in an all-stock deal with
discount long-distance service provider Advanced Telecommunications" (The rise and fall of WorldCom, 2005). In 1993, 1994 and 1995, LDDS continues to acquire other companies; in 1995 it changes its name
to WorldCom (The rise and fall of WorldCom, 2005). At its height, WorldCom provided the following: "... mission-critical communications services for tens of thousands of businesses around the world" (Moberg
and Romar, 2002). It also carried "more international voice traffic than any other company" and carried a "significant amount" of global Internet traffic (Moberg and Romar, 2002). It also owned
and operated a "global IP (Internet Protocol) backbone that provided connectivity in more than 2,600 cities and in more than 100 countries" (Moberg and Romar, 2002). Finally, it "owned and
operated 75 data centers on five continents" (Moberg and Romar, 2002). WorldComs growth, which was explosive, was also achieved almost entirely by acquiring other technology companies: throughout its history the
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