WorldCom was an American telecom company that went bankrupt in 2002 due to an $11 billion accounting fraud It was the largest bankruptcy at the time and the largest accounting fraud scandal in American history. The scandal involved the creative accounting of expenses to inflate their profits and disguise their losses. WorldCom was led by CEO Bernie Ebbers, who was sentenced to 25 years in prison for his role in the scam.
Essay topics related to WorldCom:
1. The Impact of the WorldCom Scandal on the Telecommunications Industry: This essay could explore the lasting effects of the WorldCom scandal on the telecommunications industry, examining the changes in corporate oversight and transparency that followed.
2. The Role of CEO Bernie Ebbers in the WorldCom Scandal: This essay could consider the role of Bernie Ebbers in the WorldCom scandal and its aftermath. It could include an analysis of his decision-making and its consequences.
3. An Evaluation of the Corporate Governance Practices at WorldCom Before and After the Scandal: This essay could evaluate the corporate governance practices at WorldCom before and after the scandal in order to identify where the company went wrong.
4. Analyzing the Role of the Accounting Profession in the WorldCom Scandal: This essay could explore the role of the accounting profession in the WorldCom scandal and evaluate the changes that have been implemented to prevent similar situations in the future.
5. Exploring the Repercussions of the WorldCom Scandal on the Corporate Governance Reform Movement: This essay could look at the ways in which the WorldCom scandal influenced the corporate governance reform movement and the changes that have occurred since.