SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Quarter to Quarter Aggressive Growth Stocks

 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Jack Hartmann who started this subject7/9/2002 2:57:03 PM
From: Jack Hartmann  Read Replies (1) of 6924
 
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
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext