Wow…it’s been 10 years? I recall being out the evening of April 15, 2002 and conversing with a large group of Arthur Andersen tax personnel who’d been given termination notices that afternoon as things unraveled. They were well beyond control of their senses…but I reckon it didn’t matter much to them at that moment in time. I felt very badly for them.
I often wonder if the Bush administration could have called off the Federal prosecutors–or at least urged restraint–and allowed Andersen an opportunity to recover. The charges and motions came so swift and furious they never got that chance. Assuming the President could have intervened, either by order or through the Justice Department, why didn’t he? Why did 84,980 innocent employees have to pay that kind of price for the 20 or so who were tainted by Enron?
I think it’s one of the great business tragedies of the last decade.
Read iShade’s BulletIn every day. Keep it open on your computer or mobile device!