Bernard Ebbers

Bernard Ebbers actions indicated his leadership ability because his colleagues, as well as members of the community he served, displayed trust in, and admiration of, him. Although on the surface level, Ebbers portrayed himself as a moral and ethical human being by giving back to his community and living modestly, behind the scenes, in the realm of WorldCom and the telecommunications industry, Ebbers was so obsessed with money, revenue, and power, that his ethics and morals curved to display deviant and destructive behavior. Ebbers was lauded as an amazing leader for turning WorldCom into a telecommunications beast. Ebbers driving force appeared to be revenue and power, so maintaining the public perception of riches was the primary goal. On…

Written Assignment Unit 2 Question 1. To what extent were the actions of Bernard Ebbers indicative of leadership, and to what extent did Ebbers display destructive behavior? Provide examples of leadership and deviant behavior from the case. Answer: Ebbers portrayed leadership skills in the following ways: According to Kidwell (2005), “In the year 1985 Ebbers gained control of the LDDS Company using the interests he acquired in the motel chain, even after he was named the chief executive officer,…

accounting regularities. On June 25, 2002, they announced that it had overstated earnings in 2001 by more than $3.8 billion (Lyke & Jickling, 2002). The next day, U.S. Securities and Exchange Commission (SEC) “charged the company with massive accounting fraud and quickly obtained court order barring the company from destroying financial records, limiting its payments to past and current executives, and requiring an independent monitor” (Lyke & Jickling, 2002). The lack effective management and…

On July 21, 2002, WorldCom, one of the nations leading companies in Telecommunications, filed for bankruptcy and exposed an $11-billion-dollar fraud, making it one of the largest in all time. Spearheading the scandal were six employees, Bernard Ebbers the CEO, Scott Sullivan the CFO, David Myers the accounting controller, Buddy Yates the Accounting Director, and Betty Vinson and Troy Norman the accountants. The scandal went to federal trial, and after six days of jury deliberation, all six of…

to. One of these trap is relying on one individual to lead and decide the future of the company. The leader of the company, Ebber was conceited, refrained from the truth, and short tempered. He made it visible throughout the company that he did not like negative and only accepted numbers that represent profit. With a similar image to Mao Zedong during the Great Leap Forward, the company was put through an economic crisis with debt as severe as 3.8 billion. The CEO was also resistant to change at…

G why did Mr. Ewell lie? Y lowest of the low R lowest of whites R trying to get power R laziness Y Hero R wants to be hero R raise his family stature R wants to be famous G as you can see Mr. Ewell lied for two reasons, one he was the lowest of the low, and second he wanted to be the town hero. In this journal, I will be talking about why Mr. Ewell lied in court about Tom touching and disturbing the peace of his daughter Mayella Ewell. One reason why Mr. Ewell lied is because…

For my person to be researching, I am covering Bernard Ebbers. Ebbers committed fraud, and he tried to merge his company with Sprint. This action was brought to the attention of the Department of Justice. Who immediately dashed this possibility. Ebbers company had an investigation with the SEC. Which led to the bankruptcy and to his eviction. Bernard owed $400 million in margin calls. And he convinced the board to lend him that money, so that he wouldn’t have to give up important blocks of the…

Case Study: Sad Leadership Story of Bernard Ebbers Question 1) If I am to look objectively at Bernard Ebbers’ and his business prowess, it must first be noted that most of business ventures will fail, and do fail, and that Bernard Ebbers’ was not exempt from that fact and he did fail. Also, it should be noted that if Bernard Ebbers had succeeded, that because of his generous nature towards the people that he employed and friends that he inspired, many others would have benefited from that…

managers partaking in EM for their own self-interest. Over the last quarter of a century we have seen a surging number of stock-based and option-based executive compensation (Bergstresser & Philappon, 2004). When this is the case, corporations discretionary accruals can help manipulate the earnings, and in affect, alter the value of their compensation. This approach is purely opportunistic, in theory, for the recipients of said compensation, but possibly lacks the long term vision for the…

reestablish the company as MCI, the new CEO Michael Capellas and the newly appointed CFO Robert Blakely still has a problem of trying to settle the company’s debt of about $35 billion. They had to also conduct financial audits of the company. Joseph McCafferty stated, “at the peak of the audit, in late 2003, WorldCom had about 1,500 people working on the restatement, under the combined management of Blakely and five controllers. The total cost to complete it was a mind-blowing $365 million”…