WorldCom

Paper Summary:

This paper discusses the corporation of WorldCom, better known today as MCI. The paper examines in detail the accounting scandal that brought the company to its knees and the very public drama that followed. The paper explores how WorldCom's product led to the company's downfall. The paper questions why there was no procedure in place to act as damage control agents. The paper assesses whether WorldCom aka MCI will be able to survive the aftermath of its actions. The long-term effects of such a blunder are analyzed and the paper suggests measures that can be put into place to stop it from happening again.

Outline
Introduction
Company Profile and Mission Statement
Product
The Problem
Resolution
Long-Term Effects
Recommendations
Conclusion

From the Paper:

"By the time of the scandal, WorldCom had acquired MCI as part of an historical moment in business history, making the company of the nation's largest telecommunications companies. Today, WorldCom fights for survival. As of Spring 2004, it was set to emerge from bankruptcy chapter 11. As of this morning, WorldCom did not have a web site to peruse for information but is doing business as MCI.com. I was able to gather information on MCI, which also struggles with the ramifications of WorldCom's actions. However, sometimes out of the ashes, a phoenix rises, stronger and wiser than before."

More papers on WorldCom:

• Analytical Essay # 6708 : "WorldCom Leads Financial News"
• Analytical Essay # 123009 : "Ethical Issues and WorldCom"
• Essay # 67033 : "WorldCom"
• Essay # 59859 : "The WorldCom Scandal"

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