WorldCom Leads Financial News
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This paper outlines a Wall Street Journal (WSJ) article about WorldCom's restatement of $7.2 billion in expenses and subsequent financial collapse. The basis of why the editors of the WSJ considered the story leading financial news is explored. Issues related to the study of finance include capital markets and institutions, investments, and financial management. Of particular interest are the financial management issues of accountability, financial statement accuracy, ethics, fraud and corporate responsibility.
From the Paper:"The financial collapse of WorldCom occurs in the wake of the recent Enron financial scandal. The Wall Street Journal editors correctly categorize the WorldCom story as “leading the news” (Sandberg & Pulliam, 2002, A3). Attesting to the newsworthiness of the WorldCom story is the fact that this event is being covered in all major news outlets: print, radio, television, and on the web."
Cite this Analytical Essay:
WorldCom Leads Financial News (2003, February 07) Retrieved May 27, 2020, from https://www.academon.com/analytical-essay/worldcom-leads-financial-news-6708/
"WorldCom Leads Financial News" 07 February 2003. Web. 27 May. 2020. <https://www.academon.com/analytical-essay/worldcom-leads-financial-news-6708/>