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AOL/Time Warner and WorldCom:Corporate Governance and the Effects of the Deregulation Paradox

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Abstract:

This paper will consider the direct and indirect consequences of deregulation policy on the performance of two US media and telecommunications companies: AOL/Time Warner and WorldCom. Special attention is given to the deregulation paradox and its effect on corporate governance. A basic argument of this paper is that deregulation in the form of self-regulation can sometimes contribute to a failure of knowledge conditions so that neither a corporate board of directors or its individual members take responsibility (or are fully aware) of the actions of senior management. More specifically, self-regulation failed to
provide the objective oversight necessary to ensure the proper execution of business strategy at AOL/Time Warner and failed entirely to prevent egregious forms of corporate misconduct at WorldCom

Most Common Document Word Stems:

compani (91), corpor (83), board (66), 2002 (64), warner (52), time (48), merger (37), busi (35), worldcom (34), govern (32), media (30), aol (30), deregul (27), fail (26), enron (25), director (23), ceo (23), stock (23), manag (22), one (21), account (21),

Author's Keywords:

deregulation paradox, corporate governance, business strategy, corporate misconduct
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Name: International Communication Association
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MLA Citation:

Gershon, Richard. and Alhassan, Abubakar. "AOL/Time Warner and WorldCom:Corporate Governance and the Effects of the Deregulation Paradox" Paper presented at the annual meeting of the International Communication Association, Marriott Hotel, San Diego, CA, May 27, 2003 <Not Available>. 2009-05-26 <http://www.allacademic.com/meta/p111789_index.html>

APA Citation:

Gershon, R. A. and Alhassan, A. D. , 2003-05-27 "AOL/Time Warner and WorldCom:Corporate Governance and the Effects of the Deregulation Paradox" Paper presented at the annual meeting of the International Communication Association, Marriott Hotel, San Diego, CA Online <.PDF>. 2009-05-26 from http://www.allacademic.com/meta/p111789_index.html

Publication Type: Conference Paper/Unpublished Manuscript
Review Method: Peer Reviewed
Abstract: This paper will consider the direct and indirect consequences of deregulation policy on the performance of two US media and telecommunications companies: AOL/Time Warner and WorldCom. Special attention is given to the deregulation paradox and its effect on corporate governance. A basic argument of this paper is that deregulation in the form of self-regulation can sometimes contribute to a failure of knowledge conditions so that neither a corporate board of directors or its individual members take responsibility (or are fully aware) of the actions of senior management. More specifically, self-regulation failed to
provide the objective oversight necessary to ensure the proper execution of business strategy at AOL/Time Warner and failed entirely to prevent egregious forms of corporate misconduct at WorldCom

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Document Type: .PDF
Page count: 28
Word count: 7457
Text sample:
AOL/Time Warner and WorldCom: Corporate Governance and the Effects of the Deregulation Paradox Prepared for presentation at the International Communication Association Conference May 23-27 2003 San Diego CA. Abstract In principle deregulation is suppose to foster competition and thereby open markets to new service providers. The problem however is that complete and unfettered deregulation can sometimes create the very problem it was meant to solve; namely a lack of competition. Researchers like Mosco (1990) call it the "mythology of
for AOL/Time Warner. (2001 January 15). Business Week pp. 57-64. Time Warner Inc. and Turner Broadcasting System Inc. agree to merge. (1995 September 22). Time Warner Inc. Press Release p. 1. Turnbull S. (2002). A new way to govern: Organizations and society after Enron. London UK: New Economics Foundation. Wallis J. & Dollery B. (1999). Market failure government failure leadership and public policy. New York NY: St. Martin’s Press. Wasserstein B. (1998). Big deal: The battle for control of


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