WorldCom - What Went Wrong

A brief documentary dealing with the largest corporate scandal in history. Created for a second year college accounting class.

Category:

Education

Tags:

• worldcom
• documentary
• mci
• bernie
• ebbers
• accounting
• scandal
• what
• went
• wrong
• corporate
• business
• securities
• famous
• fraud
• deception
• enron
• arthur
• anderson
• dream
• luxury
• superstar
• commerce
• class
• basic
• finance

[laurenH13]

Was this for Fred?



[portfolio32]

@laurenH13 haha nope. wish I would've had him for 201 though

[Saleenrulz]

Awsome vid, i got a question though, would all the bonuses paid out by the banks in the U.S. from the simulus money they received from the taxpayers be considered a scandal?

[portfolio32]

haha best let wiki try and answer this one: search "AIG bonus payments controversy"

[Berialavrenti]

honorary doctorate!!!!!!!

[portfolio32]

good point

[adelle0001]

sayang na company fraud pla!

[Agentxpoipoi]

nice!

[rprx]

The problem with scams such as these is that you get greedy; you want to much. Once you've made the amount you've set for yourself getting out would be the right thing to do, for yourself. While it's ethically wrong, if you're a con artist then moral values aren't that big of an issue.

[wholelover]

You can do it but you gotta learn where to stop. These people couldn't do that haha. I'm sorry but, we're all inherently greedy, otherwise Mr. Adam wouldn't have eaten that darn apple.

[gtrgdss]

@georgiapeach30534 "I don't know how, or under what circumstances, the four of you found each other, but your callous indifference and utter disregard for everything that is good and decent has rocked the very foundation upon which our society is built." - Judge Art Vandelay, in "The Finale"

[gtrgdss]

@georgiapeach30534 They are "related" via Arthur Anderson (sp) - You'll notice the common link between the two companies was AA. I am interested more in AA's role, but I think it was further summed up in The Smartest Guys in the Room when they said simply, "It was complicity across the board." As for Enron, I was reminded actually of Seinfeld, where the last ep, the judge said, "I don't know under what circumstances you found each other..." speech.

[motutapili11]

Hi folks,

This is an awesome video, fanx to portfolio32. I was at university in 2009 majoring in Accounting and Money & Finance. I did an analysis on Enron and WorldCom looking at the major issues. I've seen the smartest guys in the room and also read Cynthia Cooper's "Journey of a corporate whistleblower" and i have admit these two are one of the most magnificent but infamous corporate fraud of the century. Once again thank you and nice video

[nwcigotbetter2001]

Correction, Worldcom is not the largest coporate fraud. An update Madoff tops it off at 2009.