Silicon Investor (SI) -- The First Internet Community

STOCKTALK

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 : Technical analysis for shorts & longs -- Ignore unavailable to you. Want to Upgrade?

To: Johnny Canuck who wrote (35921)	1/17/2002 8:59:10 PM
From: j g cordes	Read Replies (2) \| Respond to of 69345

Now this is humerous.. "Enron Fires Arthur Andersen as Auditor Jan 17 8:06pm ET By C. Bryson Hull HOUSTON (Reuters) - Enron Corp. fired accounting firm Andersen on Thursday, blaming the auditor for destroying Enron documents government investigators were seeking for a probe into the fallen energy trader's aggressive and murky bookkeeping. Enron Chairman and Chief Executive Ken Lay said the company had been willing to give Andersen, which earned $1 million a week for its work with the Houston-based energy conglomerate in 2000, the benefit of the doubt pending an internal investigation into Enron accounting practices. "We can't afford to wait any longer in light of recent events, including the reported destruction of documents by Andersen personnel and the disciplinary actions taken against several of Andersen's partners working in its Houston office," Lay said in a statement. Enron's board of directors decided to fire Andersen at a meeting on Thursday. Andersen viewed the firing as an after-the-fact gesture. "As a matter of fact, our relationship with Enron ended when the company's business failed and it went into bankruptcy. Andersen is committed to continuing to address the issues related to the collapse of Enron in a forthright and candid manner," said Andersen spokesman Patrick Dorton"