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Strategies & Market Trends : VOLTAIRE'S PORCH-MODERATED -- Ignore unavailable to you. Want to Upgrade?

To: elpolvo who wrote (46680)	1/18/2002 11:13:09 PM
From: stockman_scott	Respond to of 65232

LIGHT HUMOUR... Kmart Hires Arthur Andersen Ailing retail giant Kmart today announced it would not have to declare bankruptcy after an audit conducted by its newly hired accounting firm, Arthur Andersen, found no records of ANY company finances whatsoever. "Our previous accounting firm told us we lost $224 million in the fiscal third quarter, but Andersen has informed us that, at least on paper, we didn't EVEN HAVE a fiscal third quarter," said CEO Charles Conaway. "What a difference proper accounting makes." Andersen executives did not return several messages.