WorldCom's Failure: Why Did It Happen?
E-Commerce News: Legal : WorldCom's Failure: Why Did It Happen?: "WorldCom's Failure: Why Did It Happen? A "major factor driving this fraud was Bernie Ebbers' very apparent desire to build and protect his personal financial condition. For this reason, he had to show continually growing net worth in order to avoid margin calls on his own WorldCom stock that he had pledged to secure loans.Make Your Company Transparent
You can avoid the pitfalls that plagued WorldCom by choosing a corporate culture which would insure that a similar situation doesn't happen to your company. Two sources of information on how to do this include the articles entitled "Your Corporate Culture: A Boon or a Bane?" and "Choosing Your Board of Directors."
You should never have to fear what regulators or other government officials would uncover if they were to take a good look at the workings of your company. Transparency can bring you safety. It's a great way to get a good night's sleep!"
posted by Jen @ 9:16 am
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