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Non-Tech : The ENRON Scandal
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To: Mephisto who wrote (1352)1/28/2002 1:59:46 PM
From: Raymond Duray  Read Replies (2) of 5185
 
Hi Mephisto,

Re: HARVEY PITT, the head of the SEC worked for Arthur
Anderson b4 he went to the SEC.

I saw Pitt in action on C-SPAN last week. What a piece of work. Basically, we've got the fox guarding the hen house at the SEC. His idea is to gut the commission and privatize the function. He's certainly no friend of the little guy.

Readers: To be clear, Harvey Pitt was an outside attorney for Anderson. He was not an employee of the company. He knows the lobbying game inside out and used his influence to limit the liability of auditors in cases like Enron, Waste Management, Sunbeam, etc. Thanks to Pitt, shareholders and pension fund luzers will have a much harder time suing Arthur Anderson than would have been the case in 1994.

Is Harvey Pitt a crook? In every way except the legalistic one.

-Ray
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