At the height of the dot.com bubble, when they had won distinguished awards "that of ethic and credible "role models- and even "icons,"" many investors hastened to offer their life savings via the stock market-(p.3). ... This intricate system of deceit included high-level corporate officers dumping stock and making millions of dollars while the average investors lost millions. ... Enron insiders disposed of over $73 million of their personally held Enron stock."" ... The stock continues to collapse in the wake of these scandals. ... It is more obvious in the financial ...

• Word Count: 1133
• Approx Pages: 5
• Has Bibliography
• Grade Level: High School

As we have learned in the University clases over and over again, ethics is very important to company's success because ethical approach to business sparks investor confidence and consumer loyalty. ... Shareholders rapidly sold their stock and credit agencies slashed the company's credit ratings. ... By the end of November 2001, credit agencies had downgraded Enron's debt to "junk" status and shareholder selling had driven stock prices to their lowest. The article argues that financial analysts, economists, and regulators agree that Enron's fall as the result of investo...

• Word Count: 458
• Approx Pages: 2
• Has Bibliography
• Grade Level: Undergraduate

WorldCom's top-level managers violated the GAAP by capitalizing operating expenses and overstated their earnings by $11 billion; which resulted in losses worth $30 billion for investors and 30,000 employees lost their jobs. ... The stakeholders in the WorldCom case are as follows: a) Bernie Ebbers: Chief Executive Officer b) Scott Sullivan: Chief Financial Officer c) David Myers: Controller d) Buford Yates: Director of Accounting e) Cynthia Cooper: Vice-President of Internal Accounting f) Betty Vinson: Former Director of Corporate Reporting g) WorldCom's Audit committee and Boa...

• Word Count: 681
• Approx Pages: 3
• Grade Level: Undergraduate