blog
media download page
Essay / Bernard Ebbers and his charismatic leadership telecommunications companies, and has become a global telecommunications giant. His charismatic leadership was complete. He donned cowboy boots and a rock star appeal to work. He has been serious about corporate buyouts by significantly cutting costs on company expenses and employee coffee breaks. He hired expert engineers and accountants, adopting economies of scale to reduce unit costs. Its employees were inspired and motivated by this rapid rise by pushing their stock price up to $75 per share in 1999. Adding to its appeal was its overt display of higher values by espousing hard work, dedication, commitment to Christian principles and values. , giving back to the community by teaching Sunday school, serving meals to the needy, and living modestly. These positive traits ultimately revealed him to be a “hypocritical leader (high in communicating an ethical agenda but not seen as a morally strong person)” (Treviño, 2005). Say no to plagiarism. Get a tailor-made essay on "Why Violent Video Games Should Not Be Banned"?Get the original essayThe determined and courageous visionary was also a stubborn and reckless leader, especially when WorldCom's stock price was falling. He pushed his people to keep stock prices high no matter what, using either his charisma or his discontent. He also kept his key people close and his dreams intact by generously offering loans to purchase company stock and treating employees of acquired companies like outsiders. They shopped with loans like a shopaholic with a credit card. This leadership style in which he pushed and cajoled his subordinates to keep stock prices high culminated in an accounting fraud discovered in WorldCom's financial records from 2001 to 2002. Could this deviant behavior have been avoided? Maybe he would be if he used his influence and leadership to control everyone to follow regulations. Not only would they act within the law, in a fair and equitable manner, but they might even have been challenged to look for other ways to make profits outside of mergers and acquisitions, and to professionalize management while reducing their tendency to make new purchases. the leadership style was charismatic and pseudo-transformational. His employees would attest that he was able to inspire and motivate them, but that he was not able to put moral values into practice. He created an environment that escalated into full-blown accounting fraud committed within Worldcom by him and his key associates. What its top executives could have done, although it would have required a lot of risk and sacrifice, was to report to the board any illegal activity of which they were aware. It would appear that the board of directors was not complicit in deviant behavior since it “unceremoniously” ousted Ebbers in 2002 (Treviño, 2005). Thus, the board of directors could have been the appropriate agent to tax Worldcom internally from the start What he failed to do was be an ethical role model who could have put into practice the Christian values he espoused, including honesty and fairness. righteousness, would have clearly rewarded behavior..
Navigation
« Prev
1
2
3
4
5
Next »
Get In Touch