Broadwater Farm riot From Wikipedia, the free encyclopedia The Broadwater Farm riot occurred around the Broadwater Farm area of Tottenham, North London, on 6 October 1985. The events of the day were dominated by two deaths. The first was that of Cynthia Jarrett, an African-Caribbean woman who died the previous day due to heart failure during a police search at her home. It was one of the main triggers of the riot in a context where tension between local black youth and the largely white Metropolitan
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Ryan Stanley May 28th, 2015 Art History period 4 Music as Art Essay Hotel California – The Eagles Hotel California is a song created by the band, “The Eagles” in 1977. Members of the band include Don Fedler, Don Henley, and Glenn Frey. Don Henley is the lead vocalist on the original recording of the song and it ends with an extended section of electric guitar played by both Fedler and Frey. The meaning of the song has many different interpretations, such as a connection to Satanism, psychiatric
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out a plan to create a long-distance telephone service provider on a napkin in a coffee shop in Hattiesburg, Miss. Their new company, Long Distance Discount Service (LDDS), began operating as a long distance reseller in 1984. Early investor Bernard Ebbers was named CEO the following year. Through acquisitions and mergers, LDDS grew quickly over the next 15 years. The company changed its name to WorldCom, achieved a worldwide presence, acquired telecommunications giant MCI, and eventually expanded beyond
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Ebbers Behind Bars In 2005, Bernard Ebbers, former CEO of WorldCom, was sentenced to twenty five years in jail in a very controversial ruling. There are many reasons in the World Com case that made sending Bernard Ebbers to jail the right thing to do. As a CEO of WorldCom, Mr. Ebbers had many obligations in order to run the company successfully; some of those obligations he fell far short on. The major one was not realizing when he was in too deep; instead of managing each of the new assets
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In 1985, Bernard Ebbers was selected as its chief executive. The company went public in 1989 and merged with Advantage Companies, Inc. In 1985, the company’s name was changed to WorldCom. In 1999, as the CEO of WorldCom, Bernard Ebbers was Number 174 on Forbes magazine’s list of the 400 richest Americans, with an estimated net worth of $1.4 billion (WSJ.com). In 1998, the telecommunications industry began to decline and WorldCom’s stock was declining. CEO Bernard Ebbers was pressured from
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years. WorldCom was the second largest long distance telecommunication company being succeeded by AT&T. The company has accrued over $40 billion of debt (Moberg & Romar). During this time, WorldCom was headed by Chief Executive Officer (CEO) Bernard Ebbers and Chief Finance Officer (CFO) Scott Sullivan. The CEO and CFO generated a structural philosophy, or belief, where the leaders and the managers are not to be suspected or questioned (Scharff, 2005). These behaviors lead to unethical and deluded
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With the help of Mr Sullivan's financial engineering Mr Ebbers raced the business - now called WorldCom - through 70 deals in four years, buying up competitors and expanding his reach. Along the way the company picked up numerous fans on Wall Street, perhaps most notably Jack Grubman, a telecoms analyst at the prestigious investment bank Salomon Smith Barney. Like many analysts of the time, Mr Grubman believed that to succeed in the new era of the internet and the world wide web companies needed
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junior auditor working with Cynthia Cooper) 5. Donna- Arthur Andersen 6. Brynner- David Myers (Controller) 7. Patrick- Bernard Ebbers (ex-CEO) 8. Ivy- The Government (SEC) 9. Ruby- Employee 3 Scene 1: INTERROGATION Setting: Interrogation room Individual frames on each interviewee (Scott, Cynthia, The Employees, Andersen, David Myers, Bernard Ebbers) Frame 1 (Interrogation of David Myers) Ivy: What was your involvement in the WorldCom accounting fraud? David Myers only smirks confidently
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WORLDCOM CASE ANALYSIS The WorldCom case is another example of large corporation failures where individuals in the firm failed to act in a morally correct way. Bernard Ebbers, the CEO and Scott Sullivan, the CFO, of the corporation should have been aware of the accounting processes being used in his firm (and undoubtedly he was aware) and should have taken steps to prevent others test for ethics. Authur Anderson also missed opportunities where he could have disclosed the fraud. Cynthia Cooper and
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ACC460 –Auditing Video Case Fraud and Tone at the Top - Video Case Questions This video is an informative video made for accounting students and employees that outlines the danger of corruption and fraud in the workplace. The majority of the video is an interview with Walt Pavlo of MCI Worldcom. He explains his case and the steps that lead him to take the actions that landed him in prison. While he is telling his story two gentalmen describe how Walt’s story relates to the world of auditing
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