Financial Accounting
Due: April 17, 2008
MON & WED 2:00-3:45

WorldCom Case

WorldCom was an American telecommunication company back in the 1990's that made many successful mergers and then ran into serious problems with the SEC. In 1997 WorldCom merged with MCI communications for 37 billion dollars and became the second largest merger in US history. WorldCom was the second largest long distance phone service provider here in the US and also owned major part of the internet system servers. IN 1999 Sprint Corporation and MCI WorldCom announced a 129 billion dollar merger that would make the company the largest supplier of long distance calls but the department of justice was scared they would become a monopoly.
Former CEO at that time was Bernard Ebbers who was cashing in on his companies profit and he became very rich of WorldCom stocks. Around 1998 the telecommunication industry entered a downturn, and WorldCom without the Sprint merge had suffered a serious blow. At......

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Title: Worldcom Paper Accounting
Approximate Word Count: 1264
Approximate Pages: 6 (250 words per double-spaced page)

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