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Non-Tech : The Enron Scandal - Unmoderated -- Ignore unavailable to you. Want to Upgrade?

To: Libbyt who wrote (97)	1/15/2002 3:23:39 PM
From: Lazarus_Long	Respond to of 3602

I agree...and as a result of the ENE situation, I think we'll see some changes in employee pension plan rules, as well as finding that accounting firms will be very careful to document all of their findings. </i. I would hope so. Locking in the lower-level employees while the execs are selling all theirs is outrageous! The fact that Arthur Andersen destroyed some of the documents in this case is hard to believe! I used to think so. But this is just the worst of a series of increasingly bad accounting scandals. It is apparent that the supposedly independent accounting firms know that they are really working for the management, not the stockholders. If that can be changed- -if, say, the stockholders pick the accounting firm by vote- -this ort of thing might stop. At least partly.