Clareified

Where does the good go

ARTHUR ANDERSEN IS UNCONVICTED

ARTHUR ANDERSEN IS UNCONVICTED

What’s that ‘too little, too late’ saying?

I don’t know how much people followed Arthur’s trial, but essentially they were convicted of obstruction because one of its in-house attorneys suggested alternative language on a document and that change was implemented. Now, regardless of all the Andersen/Enron accounting shenanigans, no attorney/client counseling should be criminalized.

4 Responses to “ARTHUR ANDERSEN IS UNCONVICTED”

  1. Jake Says:

    The AP, as usual, got the story wrong. Arthur Andersen had 85,000 employees not 28,000. Nine people at Arthur Andersen were directly responsible for the Enron mess and should be jailed.

    But 85,000 employees lost their jobs because of the conviction of the company made it ineligible to do audits. Now the that conviction is overturned.

    This is a tragedy of major importance.

  2. pearatty Says:

    Well. Couldn’t it be said that they should have lost their jobs because the company was engaged in providing supposedly neutral opinions for the public that everyone knew were not really neutral. I’m not saying the individuals should go to jail, or even pay fines, but I’m not sure this was a tragedy. The system needed a shakeup.

  3. Dawn Summers Says:

    They were convicted of getting and taking legal advice — not a good precedent no matter how much shaking up the system needed. And if they were providing neutral or misleading opinions the prosecution should have proved that to the jury.

  4. Hi there Says:

    Are you there?

    Do you mind to post some more information about this ?

Leave a Reply