WorldCom, second to AT&T, was the largest long distance telephone, Telecommunication Company, in the domestic United States in the 1900’s. 1993 WorldCom began business as Long Distance Discount Services, Inc. (LDDS) based in Jackson, Mississippi, relocating in 1985 to Clinton, Mississippi. WorldCom’s significant growth, specifically the result of aggressive strategies, acquiring additional communication companies. For example, vital to internet communications at the time, the most publicized acquisition was that of MCI Communications, where headquarters was relocated to Virginia. Mergers and acquisitions continued throughout the 1990’s, establishing advancement of the company as the largest handler of internet data, for online services.
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Ebers character, virtue concerning external goods came into question when the margins for his investments were called. No longer concealed was the depth of leveraged business purchases utilizing the value of his stock, avoiding excess and deficiency created significant set-backs to WorldCom. Convincing the Board of Directors, in place at the time, to cover the called margins for Mr. Eber’s additional businesses, otherwise his character and bad actions would reflect publically on the overall stock value of WorldCom. The Board of Directors approved the loans covering Mr. Eber’s margins. (Romero, S., & Atlas, R. (2002, July …show more content…
Ebers lead to other company leaders’ unethical actions, attempting to cover the manipulation of money, eventually destroyed their organization, the lives of their employees, and disrupting other stakeholders and the telecommunication industry. Aristotle, the Greek philosopher believed and taught the self-indulgence actions initiate moral dilemmas and actions in those morally weak. (Ciulla, J. (2003). Morally weak individuals do not believe, nor do they see their self-indulgent actions are wrong. Moreover, their actions are explained in a manner that makes sense especially to them. Leaders whose failure of successful character, and moral ethics are unable to understand actions of self-indulgence for personal gain are wrong, these actions will inevitably destroy them, and their companies. (Patra, B. P.
Ebers character, virtue concerning external goods came into question when the margins for his investments were called. No longer concealed was the depth of leveraged business purchases utilizing the value of his stock, avoiding excess and deficiency created significant set-backs to WorldCom. Convincing the Board of Directors, in place at the time, to cover the called margins for Mr. Eber’s additional businesses, otherwise his character and bad actions would reflect publically on the overall stock value of WorldCom. The Board of Directors approved the loans covering Mr. Eber’s margins. (Romero, S., & Atlas, R. (2002, July …show more content…
Ebers lead to other company leaders’ unethical actions, attempting to cover the manipulation of money, eventually destroyed their organization, the lives of their employees, and disrupting other stakeholders and the telecommunication industry. Aristotle, the Greek philosopher believed and taught the self-indulgence actions initiate moral dilemmas and actions in those morally weak. (Ciulla, J. (2003). Morally weak individuals do not believe, nor do they see their self-indulgent actions are wrong. Moreover, their actions are explained in a manner that makes sense especially to them. Leaders whose failure of successful character, and moral ethics are unable to understand actions of self-indulgence for personal gain are wrong, these actions will inevitably destroy them, and their companies. (Patra, B. P.