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Technology Stocks : Intel Corporation (INTC)
INTC 45.51+10.7%Jan 9 9:30 AM EST
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To: Paul Engel who wrote (155139)1/13/2002 11:55:13 AM
From: The Duke of URL©  Read Replies (1) of 186894
 
According to Arthur Levitt, Andersen was receiving fees of 1 Million dollars a week for both being the Business Adviser and the Auditor to Enron.

This conflict of interest probably did more to create an environment where loses could be hidden on the balance sheet than anything else.

Levitt, as head of the SEC, sought to prevent this kind of conflict of interest, but was in part not aided by politicians who received vast amounts of soft money from companies like Enron.

Anybody remember John McCain, who ran on the platform of campaign finance reform, which has since gotten buried.
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