INTRODUCTION WorldCom was formed in 1983 and was a multi-billion dollar company in the telecommunications industry. When the company became bankrupt, at that time it was the second largest telecommunications company after AT&T. Bernard Ebbers, who was one of its nine investors, focused on the firm’s internal growth by acquiring other small companies. The […]
WalMarts Sustainability Strategy
In October 2005, in an auditorium filled to capacity in Bentonville, Arkansas, Lee Scott, Wal-Mart President and CEO, made the first speech in the history of Wal-Mart, which will be broadcast to 1.6 million of the employees (workers) in all of its 6000 + stores worldwide and shared with suppliers 60000 +. Scott announced that […]
Models of Corporate Governance: Whos the Fairest of Them All
In 2007, corporate governance has become a well discussed topic in the business press. Newspapers carried detailed reports of corporate fraud, accounting scandals, excessive compensation, and other perceived organizational failures, many of which resulted in legal action, resignation, and bankruptcy. Central to these stories was the suggestion that somehow corporate governance was to blame. That […]
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