Nama : Khoirun Nisa Ula
Npm : 1912120066
The second largest telecommunications company in the United States, admitted it had committed an accounting scandal that cau
sed trading of its shares on the NASDAQ exchange to a standstill. A few weeks later,
WorldCom declared itself bankrupt.
The company has provided an overview of the company by faking billions of routine business as capital,
so the profits were exaggerated by $ 11 billion in early 2002.
The company also bought more than $ 400 million in money for Chief Executive Officer (CEO) -time delivery,
Bernard Ebbers , To overcome his personal trade losses.
Ironically, while being charged with falsification, conspiracy and false financial statements,
the former WorldCom CEO who was previously unsupported (Mehta, 2003; Klayman, 2004; Reuters, 2004).
In my opinion, the performance of telecommunications companies must be changed.
So that trading in stocks on the NASDAQ exchange does not cease
and is accepted by former WorldCom CEOs who are recognized as guilty. Because it was proven to be approved for falsifying conspiracies and false financial statements.