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Pastimes : Clown-Free Zone... sorry, no clowns allowed
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To: ild who wrote (137333)12/5/2001 6:31:25 PM
From: patron_anejo_por_favor  Read Replies (1) of 436258
 
Wonderful blast in the NY Times about the accountants/auditors role in the Enron fiasco:

nytimes.com

Includes a great blast from one of Enron's most strident detractors, the one and only Jim Chanos:

"The people who are supposed to be stewarding your capital in your company often have an agenda different than yours," said James Chanos, the short-seller who called attention to the discrepancies in Enron's financial reports. "And the independent entities that are supposed to be watching them are for different reasons falling down on the job. It's not a pretty picture."

This quote should preface every corporate financial statement (in bold type) from now on.....those who forget history are doomed to repeat it!
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