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Hello, I am looking for someone to write an essay on The Reasons for the Collapse of WorldCom in 2002. It needs to be at least 2000 words.Download file to see previous pages... Corporate governance is

Hello, I am looking for someone to write an essay on The Reasons for the Collapse of WorldCom in 2002. It needs to be at least 2000 words.

Download file to see previous pages...

Corporate governance is known to entail associations amid the board, other bodies involving an indirect form of engagement with the organization, management and stakeholders of the organisations. The mentioned aspect is even supposed to present a comprehensive composition from which the intentions of that particular organization are believed to descend. However, it becomes imperative to mention the procedure through which the behaviours of the directors in a particular organization are supervised and controlled. The process is also learnt to entail the factor of decision making, supervision and responsibility and is termed as corporate governance on the whole (Monks &amp. Minow, 2011: 433). Brief Background of WorldCom WorldCom was founded in Mississippi. The nature of its business operations was telecommunications and the company was learnt to have surfaced from murkiness in a period of rage in relation to corporate behaviour with regard to the mentioned sector. The rage was measured to be let loose as a result of deregulation in the telecommunications sector in the United States (US). ...

It i worth mentioning that Bernard Ebbers was selected as the Chief Executive Officer (CEO) of the company in the year 1985 and was considered to be majorly responsible for the progress as well as for the downfall of the company. The progress of WorldCom attained its zenith with the acquirement of MCI Communications in the year 1998 which was recorded to be the biggest and most noteworthy corporate merger (Ngoda, 2011). The Reasons behind the Collapse A huge amount of accounting misstatements was identified as the major reason that triggered the collapse of WorldCom. The accounting misstatements were found to conceal the progressively grave situation of the mentioned company. Fake or rather unproven accounting entries involving a huge amount were learnt to be made in the financial methods of the company with the intention of attaining the aspired record of financial results. The major contributor to trigger such a fraudulent activity was stated to be the pursuance of a particular business strategy by the CEO, Bernie Ebbers. During the period of 1990s, the only focus of the CEO was supposed to be on the attainment of remarkable progress with the help of acquirements. The company was learnt to be making aggressive moves towards acquiring other companies with the aid of the stocks held by the company. The stocks of the company called for the requirement to record a constant rise in terms of their worth in order to carry out the acquiring spree. However, this particular aggressive strategy followed by Bernie Ebbers witnessed a halt when the company was compelled to discard a planned unification with Sprint owing to antitrust oppositions (Berglund, n.d.).

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