Arthur Andersen Prior Client list
I know this is out there, but I can't find it.
ENE Enron - fruad DYN Dynegy - price gouging WCOM WorldCom - 4B loss MRK Merck - Gains were swaps HAL Halliburton - SEC investigation of acct methods. Q Qwest - fired CEO FDX FedEx DAL Delta ORCL Oracle AYST Asyst SFA Scientific-Atlanta Inc WAG Walgreens WMI Waste Management ELON Echelon Corp. IOM Iomega FRE Freddie Mac W Weyerhaeuser ITT Industries CPN Calpine ELY Callaway Golf IP International Paper CKH Seacor Smit QGENF QIAGEN NMTI NMT Medical HPT - Hospitality Properties Trust CDI - Gardner Denver ECLG ECollege.com CPE Callon Petroleum PQUE PetroQuest Energy NRNTQ NationsRent NADX National Dentex HOO Glacier Water Services CFCM Chief Consolidated Mining BTHS Benthos AVCI Avici CHS Chico's FAS ABBK Abington Bancorp TORC Torch Offshore RMHT RMH Teleservices POCI Precision Optics NVDM Novadigm FLIC First of Long Island AESK American Skiing DRCO Dynamics Research CRTO Concerto Software CPV Correctional Properties Trust ASRV AmeriServ Financial AHOM American HomePatient NEM Newmont Mining RVFR Riviana Foods forbes.com has more Brisbane Broncos Limited Apache Southern Baptist Convention AGCO Corp Mirant Corp. National Service Industries Inc Marshall & Ilsley Corp. Lands' End Inc. Manpower Inc. Banta Southern Co. ChoicePoint Inc. Caraustar Industries Inc. Georgia-Pacific Corp. Equifax Inc. Certegy Inc. NDCHealth Corp. SunTrust Banks Inc Allied Holdings Inc CryoLife Inc AFC Enterprises News Corporation Ltd. Fox Entertainment Remington Oil and Gas Company Kerr-McGee Corp. Introgen Therapeutics Valero Energy Keystone Automotive Industries Kos Pharmaceuticals Polaris Industries Brunswick Corinthian Colleges BMC Software Centex United Security Bancshares Sysco Career Education Corp. 1-800-Mutuals Advisor Newell Rubbermaid Inc. BB&T Corp. Advance PCS Rural/Metro Corp. ABC Family World Harris & Harris Wyeth IDEXX Laboratories Inc. Sara Lee Corp. Pennzoil-Quaker State Co. EOTT Energy Partners Action Performance Companies Compass Bancshares The Hartford Hard Rock Hotel EOG Resourcese Hudson Respiratory Care InMedica Development Northeast Utilities MDU Resources Xcel John Wiley & Sons Estee Lauder Household International Merchant Bancshares Riggs National PSS World Medical Cadence Design Systems Occidental Petroleum DCTM Documentum FBR Asset Investment TriCo Bancshares
Since 1998, Andersen and its employees have contributed $212,825 to Bush, including $25,000 in donations to Bush's inaugural celebration when he was governor of the state of Texas. The total makes Andersen one of Bush's biggest financial backers.
Two former lobbyists for the firm now occupy high-level positions in the administration.
216.239.51.100
In the late 1990s, Sunbeam CEO Al Dunlap used simple accounting tricks to paint a picture of a turnaround in earnings that didn't exist. With a pay package that included more than seven million shares and options, Dunlap stood to make more than $200 million personally if he could keep Sunbeam's stock price flying. In the spring of 1998, when Dunlap and his team ran out of tricks, Sunbeam corrected its books, declared bankruptcy, and the stock price plunged from $53 at its peak to just pennies today. In an ominous harbinger of the Enron scandal, the SEC discovered that Andersen accounting documents had been destroyed.
In the case of Waste Management -- which in 1998 issued the largest corporate restatement before Enron -- the company had exaggerated its earnings by $1.7 billion. The SEC's investigation found a longrunning cover-up -- not just by Waste Management, but by Andersen as well. Andersen and Waste Management paid a steep price in stockholder settlements, but no one went to jail. The SEC fined Andersen $7 million in June 2001, and Andersen promised to shore up its internal oversight -- but by then they were already deeply enmeshed in new trouble at Enron. pbs.org |