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Unformatted text preview: WorldComs money. The owners interests are in conflict with the rest of the stakeholders, especially with Mr. Ebbers. It seemed as though he lived a life of great luxury but he got that money from loans through WorldCom. It seemed as if WorldCom was his personal bank when he was in trouble. I think the accountancy issues contributed the most to the fall of Enron along with bad and corrupt management. They seemed obsessed with greed, when they said “Our goal is to be the number one stock on wall street.” The fact that they had internal auditors contributed to a lot of fraud and ways an outlet to pursue their greed. I think there were a lot of bli...
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This document was uploaded on 11/02/2011 for the course BUS 101 at Miami University.
- Spring '08