Word: audition
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Dates: during 2000-2009
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...When friends came to visit Cynthia Cooper for lunch, she would give them a tour of the facility. This is the town where she had grown up, and she was proud of this company that knew no bounds. Cooper too had ridden the wave, becoming vice president of internal audit of what was, for a time, the 25th biggest company in the country...
Last June, Cooper told the audit committee of WorldCom's board that the company had been playing dirty with its accounting practices. She knew as she said it what would happen. Within days, the company fired its famed chief financial officer, Scott Sullivan, and told the world that it had inflated its profits by $3.8 billion--the largest accounting fraud in history. The number has since grown to $9 billion, and counting. Her colleagues have been placed in handcuffs and led past TV cameras. Shareholders have lost some $3 billion since the news broke, and soon at least...
...phone and started calling CFOs. She got a job at WorldCom--then named LDDS--as a contract employee making $12 an hour. After a brief stint at SkyTel, a paging company that would later be acquired by WorldCom, she returned to LDDS in 1994 to start the internal-audit department. The company was precocious and growing fast, and founder Ebbers and his team had little interest in the kind of financial nitpicking her division represented. But Cooper prepared to win them over. "These guys were entrepreneurs. There was a need to prove ourselves and the value of internal auditing...
...WorldCom, Cooper desperately needed to carry more plates. The culture was so anti-jargon that Ebbers had ordered her never to use the phrase "internal control"--shorthand for the fundamentals behind auditing--again. He said he didn't understand it, says a WorldCom employee. But that is like asking a weatherman not to use the word forecast. So Cooper huddled her small team together and planned their debut. She called Ebbers, Sullivan and a few others to a meeting in the main conference room. She was going to force them to see what an audit department could do for their...
...folk-singing chief from 1979 to 2001, is the person most responsible for creating the tribe's gambling wealth and also personifies its flamboyant excesses. In a power struggle last year, the tribal council suspended Billie pending resolution of a sexual-harassment lawsuit (it was recently dropped) and an audit of questionable tribal financial dealings, which is still going on. At the time, he was the highest-paid elected official in Florida, with an annual salary of $330,000. He was responsible as tribal head for the purchase of a corporate jet and a minifleet of helicopters...