Ethics
An agreement of any type, including mergers and acquisitions (M&A), in which one party presents another party with very attractive terms and conditions
What are sweetheart loans?
The CEO and CFO associated with the WorldCom scandal
Who is Bernard Ebbers and Scott Sullivan?
The ones involved in the accounting irregularities and not addressing it
Who are the managers
Acquiring other companies in hopes of making a profit
What is growth through acquisition
The year in which the WorldCom declared bankruptcy
What is 2002
Improper accounting for operating expenses is in violation of
What is GAAP
Accounting treatment of depreciation on company used vehicles
What is an expense
This was passed by U.S. Congress in 2002 shortly after WorldCom declared bankruptcy.
What is the Sarbanes-Oxley Act
This individual took out loans using their WorldCom stock as collateral
Who is Bernie Ebbers
Bernie Ebbers charges
What is securities fraud and false filing with the SEC.
WorldCom's whistle blower
Who is Cynthia Cooper
Total accounting irregularities
What is $9 billion