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Topic: Business
Number of pages / Number of words: 5 / 1191
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2002). This lowered the amount of accounts receivable and made WorldCom’s accounts appear more attractive and drove stock prices up. Again, it is the CEO’s duty to provide oversight and accountability for proper accounting and reporting.

Securities fraud, particularly in the form of authorizing loans, was another illustration of unethical decisions at WorldCom...


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For example, the “$341 million loan the board granted Mr. Ebbers is the largest amount any publicly traded company has lent to one of its officers in recent memory” (Mober, D & Romar, E. 2002). The ethics of such loan should be questioned. “A large loan to a senior executive epitomizes concerns about conflict of interest and breach of fiduciary duty” (Mober, D & Romar, E...


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